MARCONI - Hop oder Top !? - 500 Beiträge pro Seite

[Nasty]

MARCONI zum Zweiten:

Nachdem Marconi schon seit der Gewinnwarnung auf meiner Watchlist steht,
bin ich heute eingestiegen. Konnte mich bei einem Kurs um 1,50 Euro nicht
mehr beherrschen.
Der Wert hat einerseits Erholungs- als auch Übernahme-Phantasien.
Ich werde, solange ich die Aktie halte, die eine oder andere Meinung bzw.
Analyse hier reinstellen.
Über eine Beteiligung würde ich mich freuen!

Good Trades

Nasty

------------------------------------------------------------------------------


06.08.2001
Marconi Schnäppchenkurse
Geldbrief


Die Experten des Börsenbriefes "Geldbrief" sehen bei der Aktie
von Marconi (WKN 931041) Schnäppchenkurse.

Marconi leide als Telekomausrüster derzeit unter der
Investitionszurückhaltung der Telefongesellschaften. Der Umsatz
werde im laufenden Geschäftsjahr um zirka 15 Prozent fallen. Der
operative Gewinn würde sich halbieren. 10.000 Arbeitsplätze
würden verloren gehen. Daraus sehen die Experten des
Geldbriefes Restrukturierungskosten in Höhe von 550 Mio. Pfund.
Das Management habe allerdings vor wenigen Wochen noch
steigende Ergebnisse prognostiziert, was einen Vertrauensverlust
hervorgerufen habe. Die Aktie sei von 1.300 p auf 85 p gefallen. Die
leichte Kurserholung in den letzten Tagen sei darauf zurückzuführen,
dass Unternehmen wie Alcatel oder Siemens anscheinend eine
Übernahme planen würden, so die Experten des Börsenbriefes
Geldbrief.

Aus diesen Gründen raten die Experten, die Schnäppchenkurse bei
Marconi zu nutzen und Anfangspositionen aufzubauen.

[Nasty]

ANALYSE: S&P-Herabstufung von Alcatel und Marconi hat kaum Auswirkungen - ML


LONDON (dpa-AFX) - Die gesenkte Bewertung der Kreditwürdigkeit von Alcatel SA und Marconi Plc durch die Ratingagentur
Standard & Poor s (S&P) hat nach Ansicht der Analysten von Merrill Lynch nur geringe Auswirkungen auf den Aktienkurs
der beiden Unternehmen. Nach den Gewinnwarnungen der beiden europäischen Telekomausrüster und auf Grund der
schlechten Prognostizierbarkeit der weiteren Entwicklung der Branche seien die Herunterstufungen am Markt erwartet
worden, hieß es in einer am Dienstag in London vorgestellten Studie.

Zudem beträfen die Herabstufungen nur neu ausgegebene Anleihen. Deshalb ließen die Experten ihre Schätzungen für die
von den beiden Unternehmen im laufenden Jahr zu leistenden Zinszahlungen unverändert. Bei Marconi erwarten sie
Zinszahlungen in Höhe von 200 Mio. GBP, was durch das von ihnen mit 400 Mio. GBP bezifferte Ergebnis vor Zinsen,
Steuern und Abschreibungen (EBITDA) des Telekomausrüsters zweifach abgedeckt wäre. "Wir glauben nicht, dass Marconi
bankrott gehen wird", schrieben die Experten.

Bei Alcatel rechnen sie mit fällig werdenden Zinsen in Höhe von 400 Mio. Euro, die durch ein EBITDA von 1,9 Mrd. Euro
4,7-fach gedeckt seien. Zudem hielten sie eine Herunterstufung der Kreditwürdigkeit von Telefon AB LM Ericsson in den
nächsten Monaten für möglich. Der schwedische Telekomausrüster könne seinen Schuldendienst derzeit nur 2,5-fach
abdecken./hi/rh


07.08. - 14:41 Uhr

[Nasty]

Marconi neutral
Morgan Stanley Dean Witter


Der Wertpapieranalyst Marcus Nash von dem Investmenthaus
Morgan Stanley Dean Witter bewertet die Aktie des
Telekommunikationsausrüsters Marconi (WKN 931041) weiterhin
neutral.

Aufgrund der begrenzten Sichtweite bei den Umsätzen hätten die
Experten eine Szenario-Analyse für Marconi vollendet. Die
Analysten würden glauben, dass die Schätzung des Unternehmens
eine normale saisonal bedingte Erholung im 2. Halbjahr beinhalte.
Ebenfalls hätten die Finanzexperten die Möglichkeit einer weiteren
Verschlechterung modelliert. Die Liquidität sollte vor dem Jahr 2003
kein Problem darstellen und die Experten würden glauben, dass das
Unternehmen weitere 3,6 Milliarden Euro an Liquidität zur Verfügung
habe. Selbst im schlechtesten Fall würden die Nettoschulden (nach
Veräußerungen) unter dem Stand des Vorjahres liegen. Die
Analysten würden an der neutralen Bewertung festhalten und der
Ansicht sein, dass das Unternehmen sich schnell in Bewegung
setzen müsse, um das Vertrauen der Kunden und Angestellten
wieder herzustellen. Eine Dividendenkürzung oder
Goodwill-Abschreibungen könnten den negativen Nachrichtenfluss
verlängern.

Daher hält der Aktienexperte Marcus Nash von dem Investmenthaus
Morgan Stanley Dean Witter an der neutralen Bewertung für die
Aktie des Telekommunikationsausrüsters Marconi fest.

[Nasty]

Au backe, Marconi bewegt sich verdammt nah an meinem Stopp-Kurs. Wenn der Laden schon
wieder eine Gewinnwarnung (siehe Meldung unten) rausgeben sollte, wird das vielleicht
sogar ein Pennystock. Unglaublich (und peinlich) für so ein großes Unternehmen.
Mal sehen, wie lange ich die Aktie noch habe... Bei unter einem Euro würde ich sofort
wieder reingehen.


LONDON - Im Plus - Abgaben bei Telekomwerten

Die Aktien an der Londoner Börse haben überwiegend im Plus notiert. Der FTSE-100-Index stieg
um 0,35 Prozent auf 5445,1 Punkte. Gegen den Trend verbuchten allerdings Telekomwerte
Kursverluste. Die Aktien des Telekomausrüsters Marconi fielen um mehr als sechs Prozent auf
80,3 Pfund, nachdem am Markt Spekulationen über eine neue Gewinnwarnung des Unternehmens
aufgetaucht waren. "Wir haben einige Telekom-Zahlen aus den USA vorliegen und die sind nicht
vielversprechend", sagte ein Händler. Die Papiere von Vodafone (Frankfurt: 875999.F - Nachrichten)
gaben um 0,36 Prozent auf 136 Pence ab. Colt Telecom notierte mit 293,25 Pence 2,65 Prozent im Minus.
Auf Grund gestiegener Ölpreise zählten Händlern zufolge Öltitel zu den Kursgewinnern. BP-Aktien legten
um 1,78 Prozent auf 600,5 Pence zu. Shell-Aktien verteuerten sich um 1,19 Prozent auf 553 Pence.
(Quelle: Yahoo Finanzen)

[Anti X]

Marconi fast bei 1,30 E. Bodenbildung nicht in Sicht.
Cisco hat letzte Woche Interesse an Übernahme dementiert.
Wenn diese Woche schlechte Konjunkturdaten aus USA kommen -
dann gute Nacht.

[Nasty]

Marconi ist mir heute eiskalt durch den Stop-Loss gerauscht. Ich bleib´ trotzdem am Ball
und werde weiter Informationen, Analysen etc. sammeln und posten.

[Micky_Maus]

Marconi rauscht trotz guter Börsenstimmung weiter nach unten. Die viel gescholtene Deutsche Bank hat übrigens vor 1 Monat Kursziele von 70 pence herumgereicht, da sind wir jetzt bald.
Von Übernahmegerüchten ist jetzt auch nichts mehr zu hören, den maroden Laden will offenbar gar keiner haben.

[Nasty]

Stimmt, marode scheint der richtige Ausdruck zu sein. Im XETRA schon bei 1,20 heute Mittag.
Abwarten und Tee trinken!?

[Nasty]

... der britische Telekomausrüster Marconi [UK:MONI] war einmal mehr ein Auseißer aus dem Branchentrend. Sein Kurs
fiel um knapp 9 Prozent auf 73,75 Pence. Goldman Sachs hatte zuvor für diesen Titel sein Kursziel auf 55 Pence reduziert.
(Quelle: Yahoo Finanzen)

[Nasty]

15.08.2001
Marconi übergewichten
Delbrück Asset Management


Die Analysten von Delbrück Asset Management bekräftigen ihre
Übergewichten-Empfehlung für die Aktie Marconi (WKN 931041).

Die aktuell schwierige Geschäftslage und ein im Verhältnis zur
Marktkapitalisierung hoher Schuldentand würden die Experten von
Goldmann Sachs dazu veranlassen das Kursziel drastisch zu
senken. Die Probleme seien jedoch schon länger bekannt gewesen.

Die niedrige Marktkapitalisierung (2,1 Mrd. Pfund) inklusive
Übernahmeperspektiven sowie die Aussicht auf eine
Geschäftserholung im Jahr 2002 bestätigen die Analysten von
Delbrück Asset Management in der Übergewichten-Empfehlung.

[Micky_Maus]

Es kommt immer noch schlimmer. Wer dachte, bei 1,80€ oder 1,60€ sei kein Risiko mehr, sieht sich getäuscht. Marconi wird wohl nicht mehr im FTSE-Index zu halten sein, auch der Platz im Stoxx wackelt. Damit werden sich auch die letzten Fonds von der Aktie verabschieden. Zum Jahresabschluß muß die Aktie sowieso rausgehauen werden, um nicht eine Loseraktie im Depot zu haben.

Hier sieht man wieder, wie wichtig Stopp-Loss-Kurse sind, auch wenn es weh tut.

[Anti X]

Marconi macht heute ausnahmsweise die allgemeine Talfahrt nicht mit.
In Frankfurt fast 6% im Plus. Vielleicht ist jetzt doch eine Art Boden
gefunden!?
Mal sehen, wie´s nächste Woche weiter geht. Ist da noch eine weitere
Gewinnwarnung im Raum?

[Nasty]

Marconi hat sich erstmal um 1,10 Euro stabilisiert. Aber wie lange? Mal sehen, wie es an den Märkten
weter geht...

...Der krisengeschüttelte Telekomausrüster Marconi plant einem Bericht der "Sunday Business" zufolge
den sofortigen Verkauf von Vermögenswerten in Höhe von 500 Mio. Pfund. Marconi sanken um
1,44% auf 68,50 Pence.
(Quelle: Yahoo Finanzen, 20.08.01)

[Nasty]

Heute gegen den Trend Verluste von über 6%. In Berlin schon unter 1 Euro. Weitere Entlassungen
sind wohl geplant. Ich warte weiter ab - Einstieg ist mir momentan zu heiß!

[Anti X]

Marconi steigt - Cisco sei dank. Sind das jetzt doch Einstiegskurse?

[Nasty]

Uff, bin nach ein paar Tagen Grippe wieder an Bord. Die Kurse haben auch mich schwächeln lasen, haha.
Die Amis ziehen mit ihren düsteren Aussichten weiterhin viele Aktien gen Süden. Marconi durchbricht heute
fast an allen Börsen die 1 Euro-Grenze. Auf ein Kursziel würde ich mich momentan nicht festlegen... Obwohl ich
eigentlich bei diesen Kursen wieder einsteigen wollte, warte ich lieber weiter ab, jaja.

[Butterfly]

Marconi schon bei 0,89!
Wo soll das alles noch enden? Wie wahrscheinlich ist ein Konkurs?

[Anti X]

Konkurs kann ich mir nicht so recht vorstellen; eher dann doch
´ne Übernahme, wenn der Laden günstig zu haben ist.
Unglaublich, wie einige z.Zt abschmieren, siehe NOKIA.

[DieFilzlaus]

Konnte mich heute auch nicht mehr beherrschen. Bei Kursen von 0,86 € die für solch eine Aktie absolut lächerlich sind, befällt mich die totale Geldgier!

[Nasty]

Analysten der Deutschen Bank gehen eigenen Angaben zufolge
davon aus, dass France Telecom im Stoxx-50-Index von der
französischen Versorger- und Telekomgruppe Suez ersetzt
werde. Auch der britische Telekomausrüster Marconi, der
in diesem Jahr starke Einbußen bei seinem Aktienkurs
verbucht hatte, gilt als Abstiegskandidat und wird nach
Schätzungen der Deutschen Bank Platz für die Aktien des
britisch-niederländischen Konsumgüterherstellers Unilever
machen.
(Quelle: Yahoo Finanzen, 31.08.)

[Nasty]

Wie erwartet - Marconi fliegt aus dem Stoxx 50 und wird durch Unilever ersetzt.
Der Wechsel soll am 24.09. stattfinden. Ich denke, das ist im Kurs schon eingepreist.

[BII-Aktionär]

Stimmt. Marconi ist aus dem Euro-SToxx50 rausgeschmissen worden. Gute Nacht...
Vielleicht kaufe ich bei 0.60 Euro als Zock..
Momentan bei 0.91E

[Nasty]

Datum: 04.09. 11:09
Marconi - die zweite Gewinnwarnung


Der englische Telekom Equipment Hersteller Marconi veröffentlichte die zweite
Gewinnwarnung innerhalb kurzer Zeit. Man werde nun einen operativen Verlust im ersten
Halbjahr verbuchen. Das erste Quartal wird einen operativen Verlust von 227 Mio. Pfund
($330,5 Mio.) mit sich bringen und nicht ein Break Even Ergebnis, wie noch in der
Gewinnwarnung Anfang Juli antizipiert wurde.

Als Reaktion stellten Marconi`s Chairman Roger Hurn und CEO George Simpson ihre
Posten zur Verfügung. Neuer CEO soll der ehemalige Leiter der Netzwerk Division Mike
Parton werden. Des weiteren wurde auch die Entlassung zusätzlicher 2000 Angestellter
bekannt gegeben.

© Godmode-Trader.de

[DieFilzlaus]

@ nasty !
Das ist schon lange bekannt und schon längst im Kurs drin!

[Nasty]

Klar, sonst wär der Kurs heute auch gut abgeschmiert.

[Anti X]

Dafür schmiert Marconi heute weiter ab. Zum Mittag über - 10%
in Frankfurt. Au backe...

[Nasty]

05.09. 12:01
Merrill Lynch bewertet Telekom Equipment Sektor

(©BörseGo - http://www.boerse-go.de)
Merrill Lynch stuft einige führende Telekom Equipment Unternehmen aus Europa ab. So
werden die Ratings von Marconi und Alcatel von Accumulate auf Neutral herabgesetzt.
Die Carrier würden ihre Ausgabenplanungen für 2002 weiter reduzieren, was für die
Ausrüster keine guten Nachrichten sind (siehe gestriger Bericht zu Vodafone). Marconi
veröffentlichte zudem seine zweite Gewinnwarnung innerhalb kurzer Zeit (BoerseGo
berichtete).

[Anti X]

Unglaublich! Obwohl der Markt heute (wieder mal) extrem grausam
notiert, verliert Marconi fast 1/4. Die Gewinnwarnung und die
Abstufungen waren letztendlich wohl doch nicht im Kurs drinne.
Wann steigt man da ein???
Wenn überhaupt!?

[Micky_Maus]

Marconi ist kein seriöses Investment mehr. Fonds & Institutionelle sind schon ausgestiegen, jetzt verkaufen die letzten Anleger, die Schlaftabletten nahmen und nun entsetzt auf den Kurs sehen. Allenfalls noch ein Zock ist dieser Laden wert, schnelle 30% sind drin (auch nach unten!).

Nach der 1. Gewinnwarnung wollten Vorstandsmitglieder ihr Vertrauen demonstrieren und kauften zu 110 pence Aktienpakete ein. Wohl eher als Beruhigungspille für die ahnungslosen Anleger gedacht. Inzwischen dürften diese längst wieder verkauft sein oder sind die Herren tatsächlich so dumm?

Börsenwert jetzt nur noch 1,5 Mrd €, aber keiner will diesen abgewirtschafteten Laden übernehmen, denn die Taschen voller Geld hat auch nicht die Konkurrenz.

Cisco hätte Interesse, aber erst, nachdem aufgeräumt wurde. Ob Marconi aus dem Schlammassel nochmal herauskommt, ist fraglich.

[Nasty]

Neuer Tiefpunkt und Untergangsstimmung! Ein Durchmarsch in die Bedeutungslosigkeit!
Ein Investment scheint wirklich nicht mehr sinnvoll zu sein.
Wenn man bedenkt, daß ich am 07.08. noch bei 1,50 gekauft hatte... Inzwischen unter 50 Cent!

[Fricko]

Habe Marconi bei 1,85 E gekauft. Der Kursverlauf sieht ähnlich aus wie der von Kabel New Media.
Sollte man jetzt noch verkaufen mit ca. 70 % Verlust. Es können auch noch 90 % werden oder ? Wie weit kann der Wert noch sinken? 0,40E ? 0,30E oder 0,20E ?? Stop Loss ???

[Nasty]

Hmmm, schwer zu sagen, ob ich verkaufen würde. Ich arbeite grundsätzlich nur noch mit Stop-Loss. Bei ca. 70% Verlust lohnt ein Verkauf vielleicht nicht mehr.
Andererseits kann es tatsächlich weiter runter gehen. Zu der desolaten Verfassung von Marconi kommt ja auch noch das Abwärtspotential bei den Indizes.
Gestern abend meldete die Telebörse auf N-TV, daß Marconi Bonitäts-Probleme habe...

[Micky_Maus]

Sehr interessante Story zum Telecom-Crash in der Financial Times Deutschland. Wer etwa glaubt, nun sei Marconi ein Schnäppchen, sollte den Artikel lesen:


http://www.ftd.de/tm/tk/FTDW6HM0ARC.html?nv=se

[Nasty]

Stimmt, wirklich interessanter Bericht, den die FTD da gebracht hat.
Wie es in dem Sektor und speziell mit Marconi weiter geht, steht eh erstmal
in den Sternen. Nach der Tragödie gestern, wird sich das Marktniveau - abhängig
von den USA - neu definieren. Könnte ein "heißer Herbst" werden!

[Nasty]

17.09.2001
Marconi überzogen negativ
Die Actien-Börse


Die Experten des Börsenbriefes "Die Actien-Börse" bewerten
die Entwicklung der Aktie von Marconi (WKN 931041) als
überzogen negativ.

Schlusspunkte für den Absturz des Kurses auf 30 Pence von
knapp 1.300 Pence vor einem Jahr und mithin über 96 Prozent
sei die Herausnahme aus dem FT-Index und der Rauswurf des
gesamten Managements. Dies habe es für eine Industrieadresse
in England noch nicht gegeben. Übrig bleiben würden ein
Börsenwert in Höhe von 1,8 Milliarden Pfund bei einem Umsatz
von 6,6 Milliarden Pfund Umsatz in der Telekom-Technologie
(Ausrüstung) und eine nach wie vor irrationale Marktpanik, die in
keinem Verhältnis zu den betriebswirtschaftlichen Zahlen stehe.
Zwar seien die vorgelegten Daten im Moment korrekturbedürftig,
aber die Gesamtbewertung sei überzogen negativ.

Die Experten des Börsenbriefes "Die Actien-Börse" sehen die
Entwicklung der Aktie von Marconi daher als überzogen negativ.

[Nasty]

Der britische Telekom-Ausrüster Marconi will angesichts des anhaltenden Nachfragerückgangs nach
seinen Netzwerk-Produkten noch diese Woche mit den Gläubigerbanken über seinen Plan zur Schuldensenkung sprechen.
"Das ist eine Möglichkeit gemeinsam mit den Banken detailliert darüber zu diskutieren, wie wir unser Aufgabe lösen
können", sagte Marconi-Sprecher Mel Foster am Montag. Ein genauer Termin für das geplante Treffen wurde nicht
genannt. Im September hatte das Unternehmen mitgeteilt, seine Schulden von insgesamt 4,4 Milliarden
Pfund (rund 13,68 Milliarden Mark) Ende August auf 2,7 bis 3,2 Milliarden Pfund bis zum März nächsten Jahres durch
den Verkauf von einzelnen Sparten und durch Kostensenkung reduzieren zu wollen. Das geplante Treffen wird den Angaben
zufolge das erste in einer Reihe von regelmäßigen Treffen mit den Gläubigern sein, seitdem Marconi am 4. September
zum zweiten Mal innerhalb von zwei Monaten eine Gewinnwarnung heraus gegeben hatte. Zu den Gläubigerbanken gehören
unter anderem die HSBC Holdings Plc und die Barclays Plc, die insgesamt ein Kreditvolumen in Höhe von drei
Milliarden Euro koordinieren. Marconi hat in diesem Jahr bereits 10.000 Arbeitsplätze abgebaut, nachdem Telekom-
Betreiber ihre Ausgaben für Produkte eingeschränkt hatten.
(Quelle: Yahoo Finanzen)

[Anti X]

Marconi heute wieder überdurchschnittlich eingegangen. Naja, wen interessiert´s noch..?

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18.09.2001
Marconi neutral
Helaba Trust


Die Analysten der Helaba Trust bewerten die Aktie Marconi
PLC. (WKN 931041) mit "neutral".

Das Unternehmen sei aus der Abspaltung der
Telekommunikationssparte des britischen Mischkonzerns
General Electric entstanden. Mit der Integration der
Telekom-/Internet-Ausrüster Fore Systems, Reltec und dem
Erwerb des Bereichs Öffentliche Netze der Bosch AG sei eine
Konzentration auf den Bereich Telekommunikationsausrüstung
erfolgt. Aus dem Segment Systeme sei die Medizin-Sparte an
Philips für 780 Mio. Britische Pfund veräußert worden. Weitere
Veräußerungen von Unternehmensteilen, die nicht zum
Kerngeschäft gehören würden, seien geplant, u. a. um die hohe
Verschuldung des Konzerns zu reduzieren.

Innerhalb von nur 2 Monaten habe Marconi die zweite
Gewinnwarnung bekannt geben müssen. Im 1. Quartal des
laufenden Geschäftsjahres sei ein operativer Verlust von 227
Mio. Britischen Pfund bei stark rückläufigen Umsätzen (-12%)
angefallen. 650 Mio. Britische Pfund Abschreibungen seien auf
Lagerbestände und Forderungen vorgenommen worden.

Dem entgegen sei die Verschuldung innerhalb eines Quartals
von 3,2 Mrd. Britischen Pfund auf 4,4 Mrd. Britischen Pfund bei
einem negativen Cash flow von 553 Mio. Britischen Pfund
angestiegen. Auf die 5,2 Mrd. Britische Pfund teueren
Akquisitionen müssten nun Goodwill-Abschreibungen von 3,5
Mrd. Britischen Pfund vorgenommen werden. CEO Simpson und
Chairman Hurn seien daraufhin mit sofortiger Wirkung
zurückgetreten. Ein Abbau von weiteren Arbeitsplätzen sei
geplant.

Insbesondere die Akquisitionspolitik des CEO Simpson habe
dazu geführt, dass der vormals schuldenfreie Konzern mit
jährlichen Zinszahlungen von über 250 Mio. Britischen Pfund zu
kämpfen habe. Die Anleihen von Marconi würden von den
Ratingagenturen kaum über Junk-Bond Niveau bewertet. Selbst
bei einem Erfolg des Kostensenkungsprogramms sei aufgrund
einer von den Analysten auch in 2002 nicht erwarteten Belebung
des Netzwerksektors keine Trendwende in Sicht.

Trotz der niedrigen Bewertung auf Umsatzbasis sei wegen der
Verschuldungsproblematik von einem Investment nach wie vor
abzuraten. Am 21. September falle Marconi sowohl aus dem
Stoxx50 als auch aus dem FTSE100. Damit würden die
Analysten der Helaba Trust die Beobachtung des Titels
einstellen.

Die Bewertung der Analysten von Helaba Trust für die
Marconi-Aktie lautet "neutral".

[BugsBunny76]

Irgendwann mus es doch mal wieder hochgehen ?!?!?! Oder ???

Ein noch interessierter !!!

[lilly-marleen]

ist Moni bankrott?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

[lilly-marleen]

Mensch,wo seid ihr nur alle? Es gibt wohl keine Marconi-Aktionäre mehr.Schade schade.

[Nasty]

Tja, viele scheinen echt nicht (mehr) in Marconi zu sein. Pleite ist der Laden wohl noch nicht...
Jetzt zukaufen - wie unten empfohlen - ist schon sehr spekulativ. Ich hab´ auch schon überlegt,
konnte mich aber bisher nicht entscheiden, meine Cash-Reserve einzusetzen. Bin mit einem
Teil vor ein paar Tagen in CE Consumer und Chine Mobile rein...

----------------------------------------------------------------------------------------------------------------------------

21.09.2001
Marconi zukaufen
Geldbrief


Die Experten des Börsenbriefes "Geldbrief" raten ihren Lesern,
die Aktie von Marconi (WKN 931041) zu zukaufen.

Die Zeit für Engagements in Turnaround-Situationen sei reif. Die
Experten des Börsenbriefes "Geldbrief" raten den Lesern, die
aktuell bei 29 Pence notierende Aktie von Marconi, die frühere
General Electric Pic, zum Zukauf zu nutzen. Die Experten des
Börsenbriefes "Geldbrief" weisen darauf hin, dass der Erwerb
von Turnaround-Werten sehr spekulativ sei und eine hohe
Risikobereitschaft erfordere.

[Anti X]

Marconis Schuldenabbau gestaltet sich schwierig

Analysten hegen Zweifel an der Lebensfähigkeit des
Netzwerkausrüsters

Dem britischen Netzwerkausrüster Marconi stehen auf dem Weg zur
angekündigten Unternehmenssanierung einige Hindernisse im Weg. In
Folge der durch die Terrorangriffe in den USA erwartete
Konjunkturabkühlung stehen auch dem Unternehmen schwerere
Zeiten ins Haus. Fachleute bezweifeln sogar mittlerweile, dass Marconi
eigenständig überleben kann.

Anfang des Monats hat Marconi umfassende Maßnahmen
angekündigt, die dem Unternehmen wieder auf die Beine helfen
sollen. Geplant ist durch Verkäufe von Unternehmensteilen den
Schuldenberg von derzeit umgerechnet 7 Mrd. Euro bis Ende März
2002 auf 4,3 bis 5,1 Mrd. Euro zu senken. Zusätzlich soll es
Maßnahmen zur Senkung der Betriebskosten und der Investitionen
geben.

Fraglich ist nur, ob Marconi im derzeit ungünstigen Marktumfeld
seinen Schuldenstand wie geplant senken kann. Nach einer
Einschätzung der Dresdner Kleinwort Wasserstein sind Marconis
Anlagen momentan nur etwa 75 Prozent seiner Schulden wert. Auf
Grund dieser Überschuldung setzt die Investmentbank ein Kursziel für
die Marconi-Aktie von 0 bis 0,16 Euro. Am Mittwoch schließt die Aktie
der Gesellschaft noch bei einem Kurs von 0,37 Euro. Bestätigt wird die
negative Einschätzung der DKW von Robin Hardy, Analyst bei der
WestLB Panmure. Er zweifelt ebenfalls daran, dass Marconi seinen
geplanten Schuldenabbau durchführen kann. Sollten sich weitere
Analysten dieser Meinung anschließen, könnte dies die
Glaubwürdigkeit bei Kunden, Anlegern und Geldgebern untergraben,
dass Marconi solide finanziert ist.

„Marconi ist kein lebensfähiges Geschäft“, sagt auch Per Lindberg,
Spezialist im Bereich Telekomausrüstung. Falls Marconi seine Pläne
zum Schuldenabbau nicht erreichen kann, müsste man sich mit einem
anderen Ausrüster zusammenschließen, um die Schlüsselkunden
nicht zu verlieren. Zu diesen Kunden gehören unter anderem British
Telecom, Telecom Italia und BellSouth.
Autor: Björn Grabbe, 07:36 27.09.01

[Tetris]

Kursziel 0-16

Wenn Analysten anfangen zu denken!

Tetris

[Nasty]

Auf jeden Fall hat sich Marconi ohne Umwege auf den Weg Richtung 0.16 gemacht.
Z.Zt. schlappe 24% minus in Frankfurt. Und ich hatte schon überlegt, bei 0.39
spekulativ noch mal zuzuschlagen...

[DieFilzlaus]

Der Downpush von Dresdner Kleinwort W. ist ein reine Unverschämtheit. Erst möchte ich wissen wer da kauft und zwar gehen die Umsätze in Millionenhöhe. Ich möchte wissen wieviel Marconi die Dresdner Bank in letzter Zeit gekauft hat !!! Wenn hierzu ein verantwortlicher der Dresdner Bank
etwas verlautbaren könnte, wäre das gut.
Ansonsten - wie gesagt eine Frechheit die Kleinanleger so zu verunsichern. Von Null Euro ist die Rede - so ein Blödsinn! Marconi ist doch keine Klitsche. Bevor die Pleite gehen ist hab Europa tot. Auch die Regierung von UK kann sich nicht leisten zuzusehen, wie ein solcher Betreib vor die Hunde geht. Das wäre ein Politikum ersten Grades!!
Ich bin bei diesen Kursen auf der Käuferseite - nur Geduld
nächstes Jahr gehts los mit UMTS und dann sind auch Telekomwerte wieder stark gefragt!!!

[Anti X]

0,25 - Faß ohne Boden!

[DieFilzlaus]

Absolut irre was sich da abspielt ! Die Börsianer sind verrückt geworden. Die betriebwirtschaftlichen Zahlen (die zwar nicht zum jubeln Anlaß geben) rechtfertigen jedenfalls diesen Absturz nicht !
Ganz doof sind diese Briten auch nicht !!!

[Tetris]

Der Markt preist eine Insolvenz ein. Sollte dies nicht der Fall sein [was ich hoffe], sind satte Gewinne sicher!

Gruß
Tetris

[Pferdegehnge]

eine was ? ich bin von marchfirst über kabel zu marconi gekommen !!!!!! wenn die jetzt auch noch hops gehen, /was nicht der fall sein wird/!!! dann kaufe ich deutsche bank. die gehen dann auch hops, weil ich sie gekauft habe. nein, scherz beiseite.

die werden sich schon erholen/finanziell/. und wenn es 3 jahre dauert. eine technische gegenreaktion kommt aber bald.

nur mut, schulden haben ja fast alle !!!!!

[Tetris]

@Pferdegehnge

Bitte verkaufe schnell deine Marconi Du scheinst Insolvenzen anzuziehen!

Gruß
tetris

[Micky_Maus]

Sollte man jetzt wieder in Marconi einsteigen? Vom AllTimeLow her hat sich der Kurs ja schon wieder verdoppelt. Ausschlaggebend dafür sind die jüngst veröffentlichen Quartalszahlen. Marconi erfüllte die noch minimalen Erwartungen und erzielte sogar einen operativen Gewinn (5 Mio Pounds).

Charttechnisch ist die Korrektur längst überfällig, fiel Marconi doch fast ohne Gegenbewegung von 5€ auf 0,25€ !!

Alle nennenswerten Investoren sind bereits ausgestiegen, der Abstieg aus dem EuroStoxx und FTSE-Index ist bereits Realität.

Bei meinen bisherigen Kommentaren war ich ja eher skeptisch. Aufgrund der Umsätze von 1,44 Mrd Pounds (=-24%)bei Marconi sowie geplantem Schuldenabbau durch Verkauf einiger Geschäftsfelder sehe ich jetzt aber wieder Licht am Ende des Tunnels.

Wer teilt meine Ansicht??

[Dagopower]

Zweifellos ist Licht am Ende des Tunnels zu sehen.
Das trotz des Umsatzeinbruchs ein positives Ergebnis im letzten Quartal erzielt werden konnte, zeigt daß Marconi
auf dem richtigen Weg ist und es aus eigener Kraft
schaffen kann.
Größtes Risiko aus meiner Sicht:
Die hohe Verschuldung (Insolvenzgefahr!) einiger Kunden könnte möglicherweise zu Zahlungsausfällen führen, die wiederum den Kurs dann belasten könnten.
Ein Kursziel von 2 Euro halte ich dennoch für keine Utopie.
Bin gestern nach der positiven Meldung zwischen 0,44 und
0,47 Euro eingestiegen.
Freue mich über den weiteren Kursanstieg in den nächsten
Tagen...


MfG


Dagopower

[Dagopower]

Zweifellos ist Licht am Ende des Tunnels zu sehen.
Das trotz des Umsatzeinbruchs ein positives Ergebnis im letzten Quartal erzielt werden konnte, zeigt daß Marconi
auf dem richtigen Weg ist und es aus eigener Kraft
schaffen kann.
Größtes Risiko aus meiner Sicht:
Die hohe Verschuldung (Insolvenzgefahr!) einiger Kunden könnte möglicherweise zu Zahlungsausfällen führen, die wiederum den Kurs dann belasten könnten.
Ein Kursziel von 2 Euro halte ich dennoch für keine Utopie.
Bin gestern nach der positiven Meldung zwischen 0,44 und
0,47 Euro eingestiegen.
Freue mich über den weiteren Kursanstieg in den nächsten
Tagen...


MfG


Dagopower

[Dagopower]

Zweifellos ist Licht am Ende des Tunnels zu sehen.
Das trotz des Umsatzeinbruchs ein positives Ergebnis im letzten Quartal erzielt werden konnte, zeigt daß Marconi
auf dem richtigen Weg ist und es aus eigener Kraft
schaffen kann.
Größtes Risiko aus meiner Sicht:
Die hohe Verschuldung (Insolvenzgefahr!) einiger Kunden könnte möglicherweise zu Zahlungsausfällen führen, die wiederum den Kurs dann belasten könnten.
Ein Kursziel von 2 Euro halte ich dennoch für keine Utopie.
Bin gestern nach der positiven Meldung zwischen 0,44 und
0,47 Euro eingestiegen.
Freue mich über den weiteren Kursanstieg in den nächsten
Tagen...


MfG


Dagopower

[mr007]

moin moin,
der phillips deal hat beachtliche 1,1 mrd. eingebracht, nun noch ne zinssenkung und es gibt wieder grund zur hoffnung!
ciao mr007

[BigBlender]

Marconi plc

Marconi plc announces disposal of shareholding in Siemens Telecommunications Pty Ltd.


London, November 27 2001 - Marconi plc (London and NASDAQ: MONI), today announced that it has disposed of its 21.5 percent shareholding in Siemens Telecommunications Pty Ltd (Sietel) for cash proceeds of £20 million.

Mike Parton, Chief Executive of Marconi, said: `The disposal of our holding in Sietel represents a modest but important further step against our programme to
reduce debt and focus on our core communications businesses.`


About Marconi plc
Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and serves customers in over 100. Marconi delivers innovative solutions that transform communications networks. Marconi plc is listed on the London Stock Exchange and Nasdaq under the symbol MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and other matters.
Please refer to the Form 20-F report and Form 6-K reports filed by Marconi plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such
statements.

Copyright 2001 Marconi plc. All rights reserved. All brands or product names are trademarks of their respective holders.

Contacts
Name: David Beck/ Joe Kelly Heather Green
Wendy Timmons
Title: Bell-Pottinger
Financial Media Relations Investor
Relations
Phone: + 44 (0)20 7861 3864 [phone] +44 (0) 207
306 1735
+ 44 (0)20 7861 3890 [e-mail]
[e-mail]

[BigBlender]

Marconi plc has added the following News Release to its Investor Relations web
site.

Marconi PLC (MONI) - Grant of Options
Date(s): 11/29/2001

For a complete listing of our News Releases visit:
http://www.marconi.com/html/investors/corporatenews.htm


Marconi PLC
29 November 2001



MARCONI PLC

The Board of Marconi plc announce that following a recent meeting
of the Remuneration Committee, the Board has granted share
options to 600 Marconi employees. The Board considers that
options are a critical tool in retaining and motivating key staff
to ensure that Marconi achieves the operational, structural and
financial goals it has set itself.

The total number of shares over which options have been granted
amounts to 87 million, equating to 3.1% of the current issued
Marconi share capital. The options were granted under the
Marconi 1999 Stock Option Plan at a price of 35 pence per share
on 28th November 2001. Details of the options granted to
executive Directors are disclosed below.

The options have a number of performance conditions attached,
which are set as standard for all UK and non-UK employees. These
conditions are balanced across the key criteria of debt reduction
and returns to shareholders. Subject to achieving the
performance conditions, options will vest and become exercisable
between November 2002 and November 2005, otherwise they will
lapse immediately. Options that become exercisable, if not
subsequently exercised, will lapse on the fifth anniversary of
the date of grant.

Commenting on the option grant, Derek Bonham, Chairman of Marconi
plc, said:

`The new Marconi management have set some testing targets for the
Company. It will require considerable commitment from them and
from the entire senior Marconi team to achieve these targets. We
have felt for some time that it is essential that we motivate our
key staff in an appropriate fashion and to ensure that their
interests are aligned closely with those of our shareholders.
This is particularly true as management seeks to put in place
longer term financing for the Company.

This is a new option grant that is targeted at the key members of
our new management structure. It is designed to ensure that
Marconi continues to retain and attract highly skilled staff,
whilst rewarding them for meeting the challenges that face
Marconi.

Implementing this option scheme is another important step forward
in our objectives of refocusing operations, stabilising our
businesses and restoring the fortunes of Marconi.`

Options granted to executive Directors:

Name of executive Director Number of Marconi shares
under the option

M W J Parton 3,000,000
M J Donovan 2,500,000
S Hare 2,000,000
R I Meakin 1,500,000


For further information, please contact:
David Beck or Wendy Timmons Heather Green
Bell-Pottinger Financial Investor Relations
Tel: [phone] or 7861 3890 Tel: [phone]
-------------------------------------------------------------------------------

[Marco5]

Marconi heute Beginn Ausbruch Richtung 1 Euro
steigende Umsätze!!!

[BigBlender]

MARCONI SIGNS $80 MILLION CONTRACT IN US

Fibre-to-the-Curb Solution Provides Foundation for Next-
Generation Multiservice Network

London - December 10, 2001 Marconi (NASDAQ and London: MONI) today announced that it has signed a five-year, $80 million networking supply agreement with Grande Communications, a Texas-based broadband service
provider. Marconi`s solution will bring optical fibre
connectivity to within 750 feet of most of Grande`s customers, allowing the convenience of buying faster Internet, telephone and cable television services
from a single provider. This agreement helps Marconi extend its leadership position in the deployment of Deep Fibre network access. Marconi already
has over three million lines of fibre-based access capacity deployed worldwide.

`Grande Communications` network will be a showcase for Marconi`s end-to-end broadband capabilities,` said Marconi`s Chief Executive Officer Mike Parton. `Our solution provides the capabilities and speed
required to ensure that Grande`s customers receive reliable, efficient broadband service for many years to come.`


About Marconi plc
Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and serves customers in over 100 countries. Marconi delivers innovative solutions that transform communications networks. Marconi plc is listed on the London Stock
Exchange and Nasdaq under the symbol MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and other matters.
Please refer to the Form 20-F report and Form 6-K reports filed by Marconi plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such statements.

Copyright 2001 Marconi plc. All rights reserved. DISC*S and Deep Fiber HFC are registered trademarks of Marconi. All other brands or product names are trademarks of their respective holders.

Contacts

[e-mail]
[e-mail]

[BigBlender]

Press Release
SOURCE: Nokia
Marconi and Nokia Take Concrete Steps in Developing Truly Open Multi-vendor Networks In TETRA Technology
NICE, France--(BUSINESS WIRE)--Dec. 11, 2001--After the TETRA MoU Technical Forum achieved major progress in the development of Inter-System-Interface (ISI) specification in June this year, Marconi and Nokia, through their Italian consortium Securcomm, have jointly started the practical development of ISI in their TETRA systems.

The consortium, aiming to provide the Italian police with secure and reliable communications services, implements and tests ISI services in both vendors` network infrastructure during 2002. The target is to achieve more than a preliminary interface, but rather a real ISI implementation.

``Nokia enthusiastically continues to support TETRA ISI development. This is an excellent continuation to the TETRA MoU Technical Forum agreement in Helsinki last June, and also fits Nokia`s overall commitment to truly open standards for the benefit of all user groups and the industry as a whole. I am convinced the ISI development we have begun is a significant cornerstone for the success of the evolution of public safety communication services,`` said Kari Suneli, Senior Vice President, Nokia Networks.

``Since the beginning of TETRA, Marconi has always been committed to its development as an open standard, suitable for a multi-vendor market. Implementing ISI represents the key to reaching that goal. In this perspective, our co-operation with Nokia started 18 months ago with the Securcomm Consortium and is now in an advanced stage. The consortium is perfectly in line with our strategy and the philosophy of the TETRA standard,`` stated Luciano Maciotta -EVP, Marconi Private Mobile Networks unit.

Marconi plc has research and development facilities in 19 countries, manufacturing operations in 16 countries, and serves customers in over 100 countries, delivering innovative solutions that transform communications networks. Marconi plc is listed on the London Stock Exchange and Nasdaq under the symbol MONI.

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.

Notes to the Editor:

Marconi and Nokia formed in 2000 a consortium, Securcomm, to provide advanced communication technologies with high value added services specifically designed for the Italian public safety sector.

[BigBlender]

Marconi plc has added the following News Release to its Investor Relations web
site.

Marconi PLC (MONI) - Sale of Business
Date(s): 12/17/2001

For a complete listing of our News Releases visit:
http://www.marconi.com/html/investors/corporatenews.htm


Marconi PLC
17 December 2001


MARCONI SELLS OPTICAL COMPONENTS BUSINESS TO
BOOKHAM TECHNOLOGY

London - December 17, 2001 - Marconi plc (London and Nasdaq:
MONI) today announced the sale of its Optical Components business
to Bookham Technology plc (LSE: BHM; Nasdaq: BKHM) in exchange
for 12,891,000 Ordinary Shares in Bookham, equivalent to
approximately 9.999 per cent of the current issued share capital
of Bookham. Based on the mid-market closing share price of
Bookham on 14 December 2001, the transaction has a value of
approximately £19.7 million. The transaction, which is expected
to close in early 2002, is in line with Marconi`s stated strategy
to manage its non-core assets for value.

`This agreement is an important further step in the on-going
disposal of Marconi`s non-core businesses,` said Mike Parton,
Marconi CEO. `Marconi sees very real value in holding a
substantial shareholding in a business that will become a leading
provider of integrated photonic solutions worldwide, whilst
eliminating Marconi`s ongoing investment requirements.`

Giorgio Anania, President and CEO at Bookham Technology plc,
said: `Integrating Marconi`s Optical Components creates a
powerful new force in the optical components marketplace
worldwide. Bookham gets access to a significant portfolio of
intellectual capital, highly-skilled people and a range of other
assets. Bookham also gets access to a range of innovative
component products that complement our existing range.`

Marconi Optical Components, headquartered in Caswell
Northamptonshire, is an independent business unit within
Marconi`s Capital Group that focuses on providing a portfolio of
integrated photonic solutions for optical networks.

About Marconi plc

Marconi plc is a global company with research and development
facilities in 19 countries, manufacturing operations in 16
countries, and customers in over 100 countries. Marconi delivers
innovative solutions which transform communications, networks.
Marconi plc is listed on the London Stock Exchange and Nasdaq
under the symbol MONI.

About Bookham
Bookham Technology designs, manufactures and markets components
that integrate optical processing functions on a single silicon
chip using high volume production methods. Using patented silicon-
based ASOC technology, the company`s products generate, detect,
route and control light signals, allowing communications network
providers to build systems with advanced optical processing
capabilities to help meet the growing demands of Internet
traffic. The company, whose securities are traded on Nasdaq and
the London Stock Exchange, is headquartered in the UK, with
facilities in the US, Canada, France, Italy and Japan.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth,
revenues, cashflow and other matters. Please refer to the Form
20-F report and Form 6-K reports filed by Marconi plc with the
United States Securities and Exchange Commission for a discussion
of risks that could cause actual results to differ materially
from such statements.

Copyright 2001 Marconi plc. All rights reserved. All brands
or product names are trademarks of their respective holders.

[Kox]

Ist das jetzt gut für den Kurs oder nicht?

[BigBlender]

RNS Number:9574P
Marconi PLC
15 January 2002



MARCONI PLC

TRADING UPDATE FOR THE THREE MONTHS
ENDED 31 DECEMBER 2001



* Core sales seasonally lower than Q2 at £706 million
* Core operating loss of £130 million; Core operating cash
outflow of £45 million
* Net debt reduced to £3.5 billion (pro forma £2.9 billion
assuming completion of all disposals announced to date)
* Further cost reduction actions to underpin return to
profitability
* Outlook remains difficult; Q3 to Q4 seasonal sales uplift
expected but may be less pronounced than last year



London - 15 January 2002. Marconi (London and NASDAQ: MONI) today
provided a trading update relating to the three months ended 31
December 2001.

Mike Parton, Chief Executive, said "The third quarter outcome
shows good progress towards our debt and cost reduction targets
against the background of a difficult market. It is with regret
that we have announced the need for further cost and job
reductions, but we are all the more determined not to be dependent
on improvement in the market to return the Group to
profitability."


Trading Update

Group sales during the third quarter amounted to £1,041 million
compared to £1,689 million during the same period last year. Of
this total, Core contributed £706 million (FY2001: £1,122
million), Capital £282 million (FY2001: £312 million), and Medical
Systems £49 million (FY2001: £263 million) prior to completion of
the sale of this business to Philips on 19 October 2001. Other
items amounted to £4 million (FY2001: £(8) million).

In the Core, the third quarter was characterised by a continuation
of the difficult market conditions reported for the previous
quarters of the year. Telecom operators have maintained tight
controls on capex spending, maximising utilisation in their
existing networks and further delaying the roll-out of new network
build.

This trend was reflected in the 43 per cent year-on-year decrease
in Core orders received and 37 per cent decrease in Core sales,
leading to a book-to-bill ratio of below 1. As expected, due to
the seasonality of the business, third quarter Core sales were
below the second quarter but remained above the £688 million
recorded during the first quarter.

Network Equipment sales decreased more than the overall decline
with sales down across all major product areas and geographies.
The percentage decline in Optical Networks was less than in
Broadband Switching and Access. Network Services decreased less
than the overall decline whilst sales in Mobile remained
relatively stable.

Optical Networks was particularly impacted in the United Kingdom
by continued low levels of spending amongst second operators who
are focusing their reduced capital expenditure budgets on customer
connections rather than core infrastructure. Sales to BT were
also lower and accounted for approximately 11 per cent of Core
sales in the quarter compared to approximately 21 per cent in the
third quarter last year. Sales of photonics equipment (DWDM) were
up on the previous quarter due to increased deliveries in Italy.
In addition, during the last three months Marconi made its first
material shipments of photonics equipment to BT under the
previously announced 5-year frame contract. Given the nature of
this contract, revenue relating to ultra-broadband (STM64 and
photonics) products will be recognised when the circuits provided
by this equipment are utilised. Consequently no revenue or
profits associated with these shipments were recognised during the
period.

Broadband Switching had a difficult quarter as it continued to be
impacted by the transition from its previous focus on enterprise
and CLEC customers to established large service providers and the
US Federal Government. The market downturn in Access has led to a
change in demand towards broadband copper products such as ADSL,
where Marconi has only recently entered the market. In addition,
as previously reported in the first half, sales of our Digital
Loop Carrier products into the North American market have fallen
sharply as a result of capital spending reductions amongst
Incumbent Local Exchange Carriers, particularly Bell South and
Sprint. Sales of legacy narrowband products have continued to
decline and are now substantially lower than last year. Broadband
point-to-point radio systems sales were down but to a much lesser
extent due to continuing deployments by mobile operators in
Germany. The Group also continued to deliver its high density
DSLAM product to Telecom Italia as well as making first-time
shipments to two European second operators leading to an increase
in sales compared to the previous quarter.

Network Services sales were down mainly due to a decrease in
wireless network planning and software sales after higher volumes
in the first half of the year and delayed rollout of new 3G
networks as well as lower levels of installation and commissioning
activities following the downturn in network equipment supply.


Cost Reduction

Marconi recorded a Group operating loss of £103 million during the
third quarter comprising an operating loss of £130 million in the
Core partially off-set by an operating profit of £27 million in
Capital and Medical combined.


Gross profit in the Core amounted to £143 million giving a gross
margin of approximately 20 per cent. This decline compared to
last year and to the previous quarter was mainly due to the
reduction in sales volume, continuing under-recovery in the supply
chain pending further structural rationalisation and the effect of
changes in mix.

The Group continues to make progress with its cost reduction
programmes. Core operating costs in the third quarter, excluding
share option and other costs, were £289 million compared to £335
million in the first quarter and £300 million in the second
quarter. The main cost savings during the quarter came from
reduced general and administrative costs, which amounted to £45
million (Q2: £57 million). Research and development spend reduced
marginally to £129 million (Q2: £132 million). The increase in
sales and marketing costs to £115 million (Q2: £111 million) was
mainly due to costs incurred to terminate previously committed
marketing activities and programmes.

At 31 December 2001, Marconi employed approximately 41,000 people
world-wide compared to approximately 49,000 at 30 September 2001.
The significant decrease in the number of employees is mainly due
to the Group`s on-going restructuring programme and the sale of
Medical Systems. By 31 December 2001, within the Core business,
the number of employees had been reduced by approximately 23 per
cent to around 30,000 since the beginning of the financial year.

There will be a further reduction of approximately 9,200 employees
from Capital upon completion of the recently announced disposals
of Marconi Optical Components, Commerce Systems, Data Systems and
General Domestic Appliances.


Further Cost Reduction Actions

Marconi remains on track to achieve the targeted exit run-rate
equivalent to an annualised operating cost base of £1 billion in
the Core by the end of the current quarter. However, in order to
further reduce the Group`s dependence on an improvement in market
conditions to restore operating profitability and to underpin the
timing of this return, it is necessary to reduce the cost base
further. The Group is targeting additional labour and overhead
savings of £200 million of which £70 million are expected to come
from reduced cost of sales and £130 million from reduced operating
expenses. This will reduce the targeted annual Core operating
cost base from £1 billion to £870 million and the quarterly Core
breakeven sales level from £800 million to £675 million by the end
of March 2003.

As a consequence, management are undertaking a further review of
all cost drivers including sites and headcount. At this stage,
the Group anticipates that this review could lead to an additional
reduction of around 4,000 employees from the Core. Based on
preliminary estimates, the incremental cash cost of this further
restructuring will be approximately £100 million, most of which
will be incurred during the next financial year. The Group
expects that this new restructuring programme will be essentially
complete by March 2003.

The Group reconfirms its longer-term target business model to
achieve a gross margin of 35 per cent and operating margin of 10
per cent. Taking into account the further cost reduction measures
announced today, achievement of this target gross margin requires
an annual sales volume in the region of £3.5 billion and timing
is, therefore, dependent on market conditions.


Net Debt

Net debt at 31 December 2001 was £3.5 billion reduced from £4.3
billion at 30 September 2001. On a pro forma basis, net debt at
31 December assuming completion of all disposals announced to date
would be £2.9 billion, of which £2.0 billion is funded through
bonds with maturities extending from 2005 to 2030.

The Group recorded an operating cash outflow of £25 million during
the third quarter. Operating cash outflow in the Core amounted to
£45 million. This outflow was driven by the £130 million operating
loss partially off-set by improvements in working capital with the
main contribution derived from reduced level of debtors. There was
also a modest reduction in the level of inventory whilst creditors
were maintained at a similar level to the previous quarter.

During the third quarter, the Group completed the disposal of its
Medical Systems business to Philips for cash proceeds of £765
million subject to completion accounting adjustments. During the
period transaction-related costs were incurred and certain
payments were made against indemnities given to the buyer which
together amounted to £30 million.

The Group also received cash proceeds of £190 million from other
non-core asset realisations including the sale of its entire
shareholding in Lagardere, part of its shareholding in
Lottomattica, the sale of surplus properties and other non-core
assets. In addition, Marconi has announced agreements to sell, in
separate transactions, its 50 per cent shareholding in General
Domestic Appliances for approximately euro 195 million (£121
million) in cash and its wholly owned Commerce Systems and Data
Systems businesses for cash proceeds of approximately
US$325 million (£225 million) and US$400 million (£277 million)
respectively. Furthermore, Marconi announced the sale of its
optical components business in exchange for 9.999 per cent of the
current issued share capital of Bookham Technology plc
(approximately 9.1 per cent of the enlarged post-transaction share
capital) subject to approval by Bookham`s shareholders. These
transactions, subject to regulatory and other approvals are
expected to close before the end of March 2002. Following these
disposals, assets remaining within Capital include Marconi Applied
Technologies, On-Line, Infochain and Interactive as well as the
Group`s shareholding in Easynet Group Plc, other joint venture
companies and financial investments.

In December a wholly-owned subsidiary of Marconi plc purchased or
agreed to purchase in privately negotiated transactions 8.6 per
cent and 19.7 per cent of its 2005 and 2010 eurobonds respectively
as well as 5.0 per cent of its 2010 US dollar bonds. The total
cash cost of these purchases, including transaction fees and
accrued interest will amount to approximately £101 million to
acquire bonds with a face value of £178 million. Of the cash cost,
approximately £71 million was paid out prior to 31 December 2001
and a further £30 million will be incurred during January 2002.
The total corresponding transaction fees and accrued interest
amounted to approximately £9 million. Following the purchases,
approximately £2.0 billion euro and US dollar bonds remain in
issue and not held by the Group, with maturities extending from
2005 to 2030.

Other cash flows during the third quarter related primarily to
restructuring and the implementation of new information technology
systems (£111 million) and interest (£51 million).

Marconi remains confident in its ability to achieve its stated
target to reduce net debt to within a range of £2.7 billion to
£3.2 billion by 31 March 2002.

In addition, the Group reconfirms that it is currently negotiating
with its banks with respect to the possible refinancing of its
credit facilities in order to make available longer term bank
finance to the Group.

Vendor Finance

The Group maintains a policy to keep vendor finance within a
maximum limit of US$500 million. As at 31 December 2001, the
Group had vendor finance commitments of approximately £98 million
(US$143 million), of which £54 million (US$78 million) had been
drawn. The decrease in both committed and drawn amounts since 30
September 2001 relates to the sale of Medical Systems. At the
time of its disposal, Marconi Medical Systems had vendor finance
exposure of £92 million (US$135 million). Marconi has provided a
counter-indemnity to Philips of US$90 million against which
approximately US$35 million was paid out during the third quarter.

Outlook

Market conditions remain difficult with continued uncertainty
regarding levels and timing of service provider spending.

The Group has historically reported strongest sales performance in
the second and fourth quarters. The Group expects this trend to
be sustained during the current financial year but believes that
the sequential seasonal uplift between the third and fourth
quarters may be less pronounced than in the previous year.



Notes to editors

Definitions

Book to bill ratio is defined as orders received divided by sales.

Operating profit/(loss) is defined as earnings/(loss) after
depreciation and before interest, tax, goodwill amortisation and
exceptional items.

Operating costs are defined as research and development, sales and
marketing and general and administrative expenses and the
associated depreciation of fixed assets.

Operating cash flow is defined as operating profit/(loss) after
adding back depreciation, change in working capital and capital
expenditure.

3G: Third generation mobile telephony designed to provide services
such as Internet on mobile phones.

CLEC: Competitive Local Exchange Carrier.

ADSL: Asynchronous Digital Subscriber Line, a copper-based access
device.

DSLAM: Digital Subscriber Loop Access Multiplexer, a copper-based
access device.

DWDM: Dense Wave Division Multiplexing, an Optical Networks
technology used to increase the amount of information that can be
sent over a single optical fibre.


Appendix 1

Quarterly Sales Breakdown

In £ Q1 00/01 Q2 00/01 H1 00/01 Q3 00/01 Q4 00/01 FY 00/01
millions

Core 786 1,331 2,117 1,122 1,426 4,665
Capital 272 307 579 312 313 1,204
Medical 232 269 501 263 348 1,112
Others* (3) (8) (11) (8) (20) (39)
Total 1,287 1,899 3,186 1,689 2,067 6,942

In £ Q1 01/02 Q2 01/02 H1 01/02 Q3 01/02
millions

Core 688 893 1,581 706
Capital 227 256 483 282
Medical 230 305 535 49
Others* (11) (10) (21) 4
Total 1,134 1,444 2,578 1,041

*: Others relates mainly to inter-Group sales


Conference call details

A conference call and audio webcast will be held for analysts
today (15 January 2002) at 2 pm, UK time. To join the call, dial
+44 (0) 20 8896 4300 and quote "Marconi Trading Update". An
instant replay will be available for seven days by dialling +44
(0)1296 618 700, access code 683 159.

The audio webcast will be broadcast on Marconi`s website
www.marconi.com where materials to accompany the presentation will
be available from 12 noon (UK time).


Financial Calendar: Q4 Trading Update

Marconi will issue a trading update for the three months and
twelve months ending 31 March 2002 on 25 April 2002.


Copyright 2002 Marconi plc. All rights reserved. All brands or
product names are trademarks of their respective holders.


Contacts

Name: David Beck / Wendy Timmons
Title: Bell Pottinger Financial
Phone: + 44 (0) 20 7861 3864
+ 44 (0) 20 7861 3890

Name: Joe Kelly
Title: Media Relations
Phone: + 44 (0) 20 7306 1771
[e-mail]

Name: Heather Green
Title: Investor Relations
Phone: + 44 (0) 20 7306 1735
[e-mail]

[BigBlender]

>From FTMarketWatch.com, online at:

http://www.ftmarketwatch.com/news/story.asp?guid={2A6AAB61-0…
56-11B220983684}
http://www.ftmarketwatch.com/news/story.asp?guid={2A6AAB61-0…
56-11B220983684}


Marconi to cut more jobs as sales dive
Telecom spending still falling; analysts despair
By Madeleine Acey, FTMarketWatch
Last Update: 12:25 PM ET Jan 15, 2002



LONDON (FTMW) - Troubled telecoms equipment maker Marconi said on
Tuesday it was considering cutting a further 4,000 jobs and £200m from
its cost base as it worked to cut debt and return to profitability.

Marconi [MONI] http://www.ftmarketwatch.com/tools/quote.asp?symb=MONI
[MONI] http://www.ftmarketwatch.com/tools/quote.asp?symb=MONI said
in a trading statement for the three months to December it was still
suffering from the continuing collapse in demand for infrastructure
among telecoms operators though it said it had not lost any customers
and believed its market share was static.

Marconi shares dropped 10.32 per cent to close at 34.5p. See trading
performance
story.http://www.ftmarketwatch.com/news/story.asp?guid={89199F3D-6…
975-B536-DC0F7E073006}
story.http://www.ftmarketwatch.com/news/story.asp?guid={89199F3D-6…
975-B536-DC0F7E073006}



Sales in its core telecoms equipment business fell 37 per cent
year-on-year to £706m - in the middle of analysts` estimates. Group
sales, including divisions, which are in the process of being sold, fell
to £1.04bn from £1.69bn.

Marconi reported a core operating loss of £130m, compared with Teather
& Greenwood`s estimate of £150m.



*Analysts despair*

Analysts were despondent. Dresdner Kleinwort Wasserstein`s Per Lindberg
said the company was dependent on its creditors and needed to align with
a major partner if it was going to survive. See Peter Bale analysis on
outlook for
Marconi.http://www.ftmarketwatch.com/news/story.asp?guid={BFF064FF-5…
-45F8-9DCA-8FEC598F8554}
Marconi.http://www.ftmarketwatch.com/news/story.asp?guid={BFF064FF-5…
-45F8-9DCA-8FEC598F8554}


Marconi was suffering from falling demand and fears among its customers
over its financial situation, he said. "There needs to be a major rescue
package."

New Marconi chief executive Mike Parton declined to comment on talk of
a takeover approach from a US market player such as Cisco. [CSCO]
http://www.ftmarketwatch.com/tools/quote.asp?symb=CSCO.



*US peers fall*

Marconi`s news appeared to push US peers down. In early New York
trading, Lucent Technologies [LU]
http://www.ftmarketwatch.com/tools/quote.asp?symb=LU was 0.85 per cent
lower at $6.99 and Nortel Networks [NT]
http://www.ftmarketwatch.com/tools/quote.asp?symb=NT dropped 1.4 per
cent to $7.75.

Of Marconi, SG Securities analyst Bernard Malhame in Paris said,
"Unfortunately the market is still against them and they are
underperforming in their respective market, even aside from the debt
issue which is of very great concern."

He said the question now was how the would refinance itself. It has
£900m in debt to repay by March 2003.

Marconi reconfirmed it was negotiating with banks over possible
refinancing of credit facilities. Asked how he could convince banks to
back a company with falling sales, Mr Parton told analysts on a
conference call that he would not discuss the details of the
negotiations. "We have a solid business plan," was all he would say.

Cash interest payments cost £50m in Q3 and would be higher in Q4.

Mr Parton added that the company would from now on disclose vendor
financing on a quarterly basis. Its indemnity to Philips [00953]
http://www.ftmarketwatch.com/tools/quote.asp?symb=00953
[PHG] http://www.ftmarketwatch.com/tools/quote.asp?symb=PHG was
£90m, for example, of which £35m was paid in the quarter - relating to
the sale of Marconi`s Medical Systems business to the Dutch electronics
giant.

Research and development was apparently holding up, SG`s Mr Malhame
added, but said Marconi lacked must-have` products.

Williams de Broe cut the stock to "sell" from "hold"



*Strategy questioned*

Altium Capital said the outlook for Marconi was "bleak" Analysts there
said they were most concerned about the outlook message from the
company. They questioned its strategy of targeting the large incumbent
telecoms carriers. "Beyond BT, the company does not have very strong
ties with the other incumbent carriers across Europe."

They added these carriers had cut spending by more than 20 per cent and
the next round of spending would be on next-generation equipment. "The
only division that Marconi had that could compete in this space was
Marconi Optical Components, and this was sold to Bookham [BHM]
http://www.ftmarketwatch.com/tools/quote.asp?symb=BHM
[BKHM] http://www.ftmarketwatch.com/tools/quote.asp?symb=BKHM."

ABN Amro said it was disappointed in the company`s debt reduction
achievements, saying £3.5bn was £250m higher than it was expecting.



*Orders plummet*

Marconi said its customers, particularly in the UK, had continued to
cut spending in the third quarter leading to a 43 per cent fall in
orders for its core division. Second-tier players were cutting back as
well as BT [BTA] http://www.ftmarketwatch.com/tools/quote.asp?symb=BTA
[BTY] http://www.ftmarketwatch.com/tools/quote.asp?symb=BTY, it
said. BT now accounted for 11 per cent of core sales, compared to 21 per
cent in the same period last year.

This took its book-to-bill ratio below 1.

But the company said it was confident of meeting its targets to cut
debt to £2.7bn-£3.2bn by March. At the end of Q3 net debt stood at
£3.5bn or £2.9bn on a pro-forma basis.

Mr Parton pointed out that third-quarter sales, although down on Q2
and on Q3 of 2000, were at similar levels to the first quarter.



*Aiming for profit*

Mr Parton told journalists the new cost cuts would allow the company to
aim for cash generation and profit in 2002, rather than just breakeven.
He said it could cut its quarterly breakeven sales rate to £675m from
£800m. The annual core cost base would be reduced to £870m from £1bn.

He later told analysts the aim for cash generation was a "tough target."

The decision to look at additional cuts came about as the company
realised it would be at least a year before recovery for the telecoms
equipment market came.

"We have at least a year before the market improves," he said. "We`re
determined not to be dependent on improvement in the market to return
the group to profitability."

The company added it expected sales to pick up in the fourth quarter
but not to the same extent as they jumped between Q3 and Q4 last year.
"We`re still not in a position to give firm guidance about the future,"
Mr Parton added.

The total charges for all of the company`s restructuring measures would
be £500m, with the new job cuts accounting for £100m. The latest cost
cuts could include site closures.

He declined to say how Marconi planned to grow the business once it had
dealt with restructuring. There would be a one day seminar for analysts
in the first half of the year to announce a plan, he said. See Robert
Peston commentary on
Marconihttp://www.ftmarketwatch.com/news/story.asp?guid={25902820-A…
4287-AFB5-9D538222F0B5}
Marconihttp://www.ftmarketwatch.com/news/story.asp?guid={25902820-A…
4287-AFB5-9D538222F0B5}
.

The company reaffirmed its longer-term target to achieve margins of 35
per cent and an operating margin of 10 per cent, which it said would
require annual sales of £3.5bn. When it could achieve those goals,
however, was dependent on market conditions, the company said.

See Marconi statement on FTMarketWatch RNS

Tell us what you think. Vote in the Marconi reader poll . Write a
letter to the editor.
See preview
story.http://www.ftmarketwatch.com/news/story.asp?guid={79036B83-2…
00B-A747-93F1976A0808}
story.http://www.ftmarketwatch.com/news/story.asp?guid={79036B83-2…
00B-A747-93F1976A0808}


See FT.com Marconi special.

See FT.com story

[Nasty]

Hi Leute,

war länger nicht hier. Warum ist Marconi heute so abgestürzt? Ist die unten stehende Vereinbarung so schlecht???
------------------------------------------------------------------------------------------------------------------------------------------------------------------
London (vwd) - Marconi plc, London, steht dem Vernehmen nach kurz vor einem neuen Abkommen mit ihren Banken. Wie die "Financial Times" (FT) in ihrer Montagausgabe unter Berufung auf Kreise schreibt, soll in Kürze eine Vereinbarung unterzeichnet werden, die dem angeschlagenen Telekommunikationsausrüster eine Kreditlinie von ungefähr drei Mrd GBP zur Verfügung stellen würde. Die beiden bestehenden Vereinbarungen würden dadurch ersetzt, schreibt die Zeitung. Am Montag finde unter Führung von HSBC Holdings plc und Barclays plc, beide London, ein Treffen sämtlicher Gläubigerbanken von Marconi statt, in dessen Verlauf das neue Abkommen diskutiert werde. Die momentane Kreditlinie von Marconi von drei Mrd EUR würde im März 2003 auslaufen. Die Laufzeit der neuen Vereinbarung ende Mitte bis Ende 2005, heißt es weiter. Sie sehe vor, dass der Konzern einen Teil der bestehenden Verbindlichkeiten zurückzahle. Im August des vergangenen Jahres beliefen sich diese Schulden auf ungefähr 4,4 Mrd GBP. Bis Januar 2002 ist es Marconi den Angaben der FT zufolge teils durch Veräußerung von Vermögenswerten gelungen, diese Summe auf 2,9 Mrd GBP zu reduzieren. Die Besitzer von Marconi-Anleihen seien besorgt, dass die Gläubigerbanken durch die neue Vereinbarung einen zu starken Einfluss auf die Geschäftsführung des Telekommuniktionsausrüsters erhielten, berichtet die Wirtschaftszeitung. Marconi selbst habe zu den Gerüchten um die neue Kreditvereinbarung keine Stellung beziehen wollen. vwd/12/21.1.2002/ip

[BigBlender]

@Nasty

Die Erklärung dürfte die erneute Abstufung des Kreditratings von S&P von BB auf B+ sein. M.E. sollte man sich die Entwicklung nun erst einmal von aussen ansehen, wenn bei den Kreditverhandlungen auch nur ein wenig schief läuft, ist der Ofen aus...andererseits sind die Chancen auf gute Gewinne von diesem Niveau aus hoch, wenn, ja wenn...

01/26 04:20
Marconi to Agree With Lenders on Renewing Credit, Analysts Say
By Cecile Daurat


London, Jan. 26 (Bloomberg) -- Marconi Plc is likely to pay higher interest rates to lenders, allow banks to link loans to its financial performance and reduce $6.5 billion in credit lines in exchange for delaying repayment of its debt, analysts said.

``Marconi is likely to agree to these points,`` said Joseph Chia, a credit analyst at Nomura International Plc. ``They`re quite common in distressed debt negotiations.``

The phone equipment maker and about 25 lenders led by Barclays Plc and HSBC Holdings Plc are expected to finish negotiations next week, a person familiar with the talks said. The final agreement may come within six weeks when senior bank officials approve the loans, the person said.

Marconi`s market value dropped 97 percent to $965 million in the last 12 months as the company slashed earnings forecasts and sold assets to repay debt. Marconi, which has been around since Guglielmo Marconi sent the first radio signal over the Atlantic Ocean a century ago, needs to extend the maturity of its credits to reassure clients there`s enough money to continue operations.

The company, whose businesses once ranged from missiles to ovens, in 1999 shifted focus to equipment used to carry traffic along phone networks. The strategy backfired last year when debt- ridden customers such as BT Group Plc cut spending.

Bank Meeting

Marconi met bankers at the offices of law firm Allen & Overy on Jan. 21 to update them on fiscal third-quarter earnings. They didn`t discuss specifics of the debt renegotiation, said Marconi spokesman Joe Kelly.

Lenders extended a 3 billion-euro ($2.6 billion) credit line to Marconi last May, when the company was rated ``BBB+`` by Standard & Poor`s Corp. In July the company lost half its market value in a day after saying revenue fell instead of rising as predicted.

By September its rating was slashed to a ``BB`` junk rating, six rungs lower. On Jan. 21 S&P again cut the rating, to ``B+.``

Still, Marconi hasn`t drawn on the 3 billion euro credit line, which expires in May unless it`s used before then.

The company also has about 940 million euros of unused credit from a 4.5 billion-euro loan in 1998, also arranged by Barclays and HSBC. This credit line expires in March 2003.

Because Marconi was viewed by lenders as having relatively little risk, they were willing to give the company credit without attaching financial conditions, known as covenants.

They charged an annual fee of 12.5 basis points for access to last year`s credit line. The company would pay an interest margin of 40 basis points over the European interbank offered rate, or Euribor, if it drew on the credit.

Energis Loan

Energis Plc, the U.K.`s biggest carrier of Internet traffic, is paying an interest margin that`s five times as high for a 725 million-pound credit, even though it`s rated ``BB-`` by Standard & Poor`s, one notch higher than the agency`s rating for Marconi.

Marconi has in the past six months sold or agreed to sell almost 1.6 billion pounds of assets, including a stake in a maker of washing machines.

The company will probably agree to use between 500 million pounds and 1 billion pounds of its cash to reimburse part of the bank debt, lenders said. In return, the banks may agree to extend the maturity by two years until March 2005.

The loan may be made to Marconi Corp. instead of Marconi Plc. That may give lenders an edge over bondholders, because the unit holds the group`s assets, analysts said.

``The banks may get around bond covenants with some guarantee on the subsidiary,`` said Louis Landeman, an analyst at Bear Stearns. ``The effect for bondholders will be negative if the banks get first priority over Marconi`s assets.``

Reaching an agreement with the bankers is a priority because their loans expire first, analysts said. The first bonds aren`t due until March 2005.

Rights Offer

What`s more, Marconi may consider selling shares to existing investors after agreement with lenders is reached and its share price rises.

``If they get the maturity extended to 2005, there`s a potential uptake in the share price,`` said Landeman. ``Then they may do a rights issue.``

Marconi`s shares, which have slumped 37 percent this year on concerns over the outcome of the talks with the banks, closed at 24.5 pence Friday.

Royal KPN NV, the former Dutch telephone monopoly, raised 5 billion euros from existing investors in December after cutting costs, selling assets and refinancing bank loans.

An agreement may also be good news for bondholders, credit analysts said, because lenders may allow Marconi to use part of the remaining cash to buy back bonds.

The company, which owes about 1.8 billion pounds to bondholders, spent about 211 million pounds to buy back bonds since December.

Marconi`s 500 million-euro, 5.625 bonds maturing in 2005 were trading at 52 percent of their face value Friday, compared with 73 percent in September, according to Bloomberg. They were as low as 30 percent in October.

``Marconi will drive a tough negotiation with banks to get as long extra maturity on the new loans as possible and to be allowed to use at least part of its cash for further bond buy-backs, Landeman said. ``Both will be positive for bondholders.``

gruss,
BigBlender

[BigBlender]

Marconi PLC
31 January 2002


NEW AGREEMENT BETWEEN OMNITEL VODAFONE
AND MARCONI FOR OPTICAL FIBRE NETWORK


London - January 31st, 2002 - Omnitel Vodafone and Marconi
(London and Nasdaq: MONI) today announced a new agreement to
make operational an optical transmission network spanning
over 10,000km of fibre. The network will go live over the
next few months. Omnitel Vodafone will make use of Marconi`s
leading edge synchronous digital hierarchy (SDH) and dense
wave division multiplexing (DWDM) optical technologies.

Under the terms of the agreement, Marconi is providing
Omnitel with an integrated range of synchronous digital
hierarchy (SDH) ring terminals, a dense wave division
multiplexing (DWDM) line system, optical cross connects,
integrated network management, network installation and
training, as well as network maintenance and 24x7 technical
support.

Mike Parton, Marconi CEO, said: `This agreement will
radically enhance Omnitel Vodafone`s network capacity.
Marconi`s expertise, experience and research and development
in DWDM, combined with our market leading position in SDH,
makes Marconi a compelling advanced network partner. This
development reaffirms Marconi`s strategy to focus on our core
network communications competencies.`

The increased broadband capacity achieved by Marconi
technology, will guarantee excellent transmission capacity on
Omnitel Vodafone`s network. In the future, the network will
support third generation mobile services whilst optimising
services costs.

The agreement positions Marconi as one of the leading
providers of SDH and DWDM technology in Italy, with existing
customers including the most important operators in fixed and
mobile telephony.

About Marconi plc

Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and
serves customers in over 100 countries. Marconi delivers
innovative solutions that transform communications networks.
Marconi plc is listed on the London Stock Exchange and Nasdaq
under the symbol MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and
other matters. Please refer to the Form 20-F report and Form
6-K reports filed by Marconi plc with the United States
Securities and Exchange Commission for a discussion of risks
that could cause actual results to differ materially from
such statements.

Copyright 2002 Marconi plc. All rights reserved. All
brands or product names are trademarks of their respective
holders.

Contacts:
Joe Kelly
Public Relations
Marconi PLC
[phone]
[e-mail]

Heather Green
Investor Relations
Marconi PLC
[phone]
[e-mail]

[BigBlender]

Marconi PLC
1 February 2002



MARCONI SIGNS NEW £30 MILLION
NETWORK DEVELOPMENT CONTRACT WITH BT WHOLESALE

London - February 1 2002 - Marconi (London and NASDAQ: MONI)
today announced that it had signed a new, £30 million network
development contract with BT Wholesale. The three year agreement
will see Marconi build additional functionality through software
development into BT`s national network, allowing continued
exploitation of its legacy network, whilst retaining flexibility
over future network development options.

Peter Leach, Acting Managing Director of Wholesale Network
Transport, said: `The volume of narrowband traffic across our
network is still growing and we needed to ensure that our existing
network infrastructure continues to manage this traffic in the
most efficient way possible. The Marconi solution will secure and
maximise the economic life of our current network assets.`

Mike Parton, Marconi`s chief executive said: `Telecommunications
operators around the world today are looking for innovative ways
to leverage existing network investments as traffic volumes
continue to grow and investment is curtailed. This Marconi
solution will enable BT to continue to provide the highest quality
services to its customers and keep its options open for future
possibilities.`

The development work, which will take place at Marconi`s Coventry
and Liverpool sites, is scheduled to begin immediately, with the
first transition software builds due to be transferred onto the BT
network during 2003.


About Marconi plc
Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and serves
customers in over 100 countries. Marconi delivers innovative
solutions that transform communications networks. Marconi plc is
listed on the London Stock Exchange and Nasdaq under the symbol
MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and other
matters. Please refer to the Form 20-F report and Form 6-K
reports filed by Marconi plc with the United States Securities and
Exchange Commission for a discussion of risks that could cause
actual results to differ materially from such statements.

Copyright 2002 Marconi plc. All rights reserved. All brands
or product names are trademarks of their respective holders.

Contacts

Joe Kelly
Public Relations
Marconi PLC
[phone]
[e-mail]

Heather Green
Investor Relations
Marconi PLC
[phone]
[e-mail]

[BigBlender]

MARCONI plc:

Completion of sale of Commerce Systems Business


London, February 1 2002 - Marconi plc (London and NASDAQ: MONI)
announces that it has today completed the sale of its Commerce
Systems business to Danaher Corporation (NYSE: DHR) for US$ 325
million (approximately £229 million: 1 USD = 0.7106 GBP). The
proceeds will be used to reduce Group net debt.


About Marconi plc
Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and serves
customers in over 100 countries. Marconi delivers innovative
solutions that transform communications networks. Marconi plc is
listed on the London Stock Exchange and Nasdaq under the symbol
MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and other
matters. Please refer to the Form 20-F report and Form 6-K
reports filed by Marconi plc with the United States Securities and
Exchange Commission for a discussion of risks that could cause
actual results to differ materially from such statements.

Copyright 2002 Marconi plc. All rights reserved. All brands
or product names are trademarks of their respective holders.


Contacts


Joe Kelly
Public Relations
Marconi PLC
[phone]
[e-mail]

Alasdair Jeffrey/Heather Green
Investor Relations
Marconi PLC
[phone]/1735
[e-mail]

[Grufti1]

HEY!
Wer kann mir mal einen guten Translater empfehlen,kann leider kein englisch,möchte trotzdem mit plauschen.Habe auch ein paar von den Nudelmakaronies .

Gruß Grufti.

[BigBlender]

Hört sich nicht schlecht an.... NBC Selects Marconi For New National Broadband Video Distribution Network
Marconi Digital Centralcasting Solution Delivers `On-Air` Programming Over Broadband Network and Enables New Services
PITTSBURGH, Feb. 4 /PRNewswire-FirstCall/ -- Marconi (Nasdaq: MONI; London) announced today that the National Broadcasting Company (NBC) is deploying a Marconi broadband network for their centralcasting project, delivering ``On-Air`` video content from regional distribution hubs to NBC-owned and -operated (O&O) television stations throughout the U.S. This new backbone network provides NBC with mission- critical and well-proven wide area video transport for its centralcasting strategy, known as the ``Hub Project.``
``Marconi`s ability to quickly design, deliver and install a stable and reliable multi-service network infrastructure is helping NBC drive our centralcasting model for improving revenues and reducing costs within our TV Station Group business,`` said John Wallace, NBC`s chief information officer.

NBC`s Goal and Marconi`s Solution

To gain efficiencies and productivity in their TV Stations Group, NBC developed the ``Hub Project,`` which consolidates the Master Controls of their 14 owned and operated stations throughout the U.S. into several regional broadcast centers.

Marconi`s Digital Centralcasting Solution, originally demonstrated at the 2001 National Association of Broadcasters (NAB) trade show, was customized to provide multiple channels of bi-directional, high bit-rate, broadcast-grade compressed video transport and Internet Protocol (IP) over Ethernet data services between NBC`s regional broadcast centers and the O&O stations.

``The Marconi team met NBC`s aggressive schedule for bringing the new multi-service network online. By choosing Marconi broadband networking, NBC is protecting its future communication needs with a highly scalable and flexible network architecture,`` said Richard Westcott, NBC`s director of engineering for the TV Stations Group. ``Just as important, Marconi listened to what we wanted and created a solution that best suits our needs, a demonstration of their commitment to our success.``

The Marconi broadband network also provides NBC with additional cost- reduction opportunities by offering options for converging their corporate voice and data traffic onto a single multi-service backbone network.

``The Digital Centralcasting Solution that Marconi is delivering for NBC demonstrates our leading ability to provide a scalable, reliable and flexible network infrastructure for the most demanding video applications and broadcast customers,`` said Mark Knaeps, vice president of Marconi`s Media & Entertainment Solutions group. ``NBC`s Hub Project is breaking new ground in the broadcast industry by showing how network convergence can deliver bottom- line results for large media businesses.``

Notes to Editors

Marconi`s Digital Centralcasting Solution includes the award-winning multiservice ASX(TM)-1000 and ASX-200BX broadband switches. The ASX-1000, with 2.5 to 10 Gbps non-blocking switching capacity and up to 128 ports in modular sections, provides customers with maximum flexibility and investment protection, growing as their network requirements grow. The ASX-200 BX provides 2.5 Gbps switching capacity and up to 32 ports of various networking interfaces. Both the ASX-1000 and ASX 200BX operate using Marconi`s Forethought(TM) software, delivering significant traffic-management, traffic-engineering and monitoring benefits for mission-critical broadband networks.

For NBC, Marconi fitted both the ASX-1000 and ASX-200BX with DS3E and ETH-TXB Network Modules, allowing NBC to deliver multiple real-time, broadcast-quality video feeds -- as well as IP connectivity for station automation processes.

About Marconi plc

Marconi plc has research and development facilities in 19 countries, manufacturing operations in 16 countries, and serves customers in over 100 countries. Marconi delivers innovative solutions that transform communications networks. Marconi plc is listed on the London Stock Exchange and Nasdaq under the symbol MONI. Additional information about Marconi can be found at www.marconi.com.

This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Form 20-F report and Form 6-K reports filed by Marconi plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such statements.

All rights reserved. All brands or product names are trademarks of their respective holders.

Marconi Contact
Name: Geof Becker
Title: Public Relations
Phone: [phone]
Email: [e-mail]
SOURCE: Marconi plc

[BigBlender]

Marconi Helps U.S. Government Agency Expand Mission-Critical Video-Conferencing Capabilities
Office of Naval Intelligence Relies on Marconi Solutions for 24-hour Maritime Monitoring, Daily Intelligence Briefings and New Training Directives
PITTSBURGH, Feb. 5 /PRNewswire-FirstCall/ -- Marconi (Nasdaq: MONI; London) today announced that the U.S. Navy`s Office of Naval Intelligence (ONI) is using secure Marconi solutions to extend and expand capabilities for video-conferencing to the desktop for some 2,500 users of ONI`s mission-critical network.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000504/MARCLOGO )
Building on a long-time relationship, ONI recently worked with Marconi to develop solutions to support a significant expansion in network requirements. ONI`s network is now being tasked to deliver more training videos, intelligence briefings and real-time monitoring of the world`s maritime fleet than ever before. Using the significant scalability inherent in Marconi`s multi-service backbone network, ONI has been able to satisfy the increased service demands in a cost-effective manner.

``Installing an ATM core in the beginning made this video migration possible,`` said John A. Marshall, Enterprise Systems Department Head at the Office of Naval Intelligence. ``We leverage technology with all our industry partners to build networks that support the war-fighter with intelligence necessary for their security and successful completion of their mission.``

Network Characteristics

ONI must provide reliable, high speed and efficient network services at all levels of classification to all customers. The network must enforce network security protection from network intruders and viruses. ONI also is responsible for providing superior communications by evaluating, testing and integrating cutting-edge technologies.

Marconi`s scalable, reliable and flexible network provides the perfect platform for ONI to seamlessly integrate new technologies, applications and services while maintaining all levels of security requirements across multiple Local Area Networks. ONI maintains one of the largest fiber networks in a single building within the Department of Defense -- with more than 1,200 miles of fiber and more than 42,000 fiber terminations over a Marconi backbone.

ONI requirements for video-conferencing to the desktop have increased significantly in the last several months. The existing Marconi network enables them to be extremely flexible in scaling with new users and applications.

``ONI`s experience with Marconi`s technical leadership and commitment to service is a proud achievement for Marconi and illustrates why the U.S. government and related organizations often look to Marconi for mission- critical communications solutions,`` said Gerry Kolosvary, president of Marconi`s Federal Group.

Notes to Editors

ONI added Marconi`s ESR(TM)-5000 and ESR-6000 switch-routers to map Internet Protocol (IP) Class of Service (CoS) to ATM Quality of Service (QoS), thereby ensuring jitter-free and low-latency delivery of expanded video and voice services to network end-users. The newly expanded video-conferencing capabilities are possible only because ONI was able to build on a backbone comprised of Marconi`s award-winning ASX(TM)-4000 multi-service switch-router, supporting ATM and/or IP/MPLS, in the core connected by OC-12 or OC-3 links to ASX-1000s at the edge. ONI uses OC-3 or 100 Mega bits per second (Mbps) connections to the desktop to achieve jitter-free and low-latency desktop video-conferencing capabilities.

About Marconi plc

Marconi plc has research and development facilities in 19 countries, manufacturing operations in 16 countries, and serves customers in over 100 countries. Marconi delivers innovative solutions that transform communications networks. Marconi plc is listed on the London Stock Exchange and Nasdaq under the symbol MONI. Additional information about Marconi can be found at www.marconi.com.

This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Form 20-F report and Form 6-K reports filed by Marconi plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such statements.

All rights reserved. All brands or product names are trademarks of their respective holders.

Marconi Contact
Name: Geof Becker
Title: Public Relations
Phone: [phone]
Email: [e-mail]
SOURCE: Marconi plc

[BigBlender]

Watch out for more defaults
NTL, Energis, Marconi, on list of "distressed" firms

By Friedel Rother, FT Investor 4:07:00 PM GMT Feb 5, 2002

LONDON (FT Investor) - Investors will need to remain vigilant in the coming months, if they want to avoid being hurt by more company bankruptcies and credit problems.
That is the message from Deutsche Bank analyst Jennifer Moran, as world equities markets struggle to come to terms with news of huge previously undisclosed debts at key US corporates, such as Enron and Tyco.

Ms Moran highlights the issue in a report published this week, featuring what she says are the "most financially distressed equity plays" in 2002.

More than half of the companies on the top 20 list of the most highly geared companies are telecoms firms such as Thus and Colt. Cable operator NTL is also among them, as are German retailer Buhrmann [DE:851508, News, Chart, Research] and telecoms equipment maker Marconi.

Ms Moran estimated that as many as 40 per cent of the firms listed would not survive in their current form and she predicted that two or three would result in "major" defaults.

However, Ms Moran was quick to stress that just because a company is named does not mean it is set to become the next Enron or Global Crossing - both companies who have gone bankrupt this year. Nor does it mean the business will suffer, as Tyco [US:TYC, News, Chart, Research] has in recent days, from questions about its accounting practices and acquisitions. See more on Enron and what it means for markets on FT.com

Instead, the firms highlighted are ones who have weak balance sheets and could go bankrupt but, equally, have the chance to restructure and recover.

Who`s next?

But to find out which is which, investors will have to get to grips with credit issues more than ever before.

"It`s extremely important for equity investors to get their heads around the credit market," she told FT Investor. "You really need to understand what their financing needs are, how they are trading and where they`ve traded relative to each other over time."

She said Colt [UK:CTM, News, Chart, Research] was a case in point. Although it features on the list of highly-leveraged companies, and isn`t without risk, the UK telecoms company has actually performed relatively well compared with the rest of the sector.

"These companies are getting hit because of broader uncertainty in the market," she said.



Colt has slumped in value since rival Energis said last month that it was at risk of breaching its banking covenants. The alternative carrier had just renegotiated financing terms with its banks late last year. See more on Energis warning on FT Investor

Marconi

Ms Moran also said Marconi [UK:MONI, News, Chart, Research] remained one to watch, describing the telecoms equipment maker as the "most distressed technology play" on the list. Its shares sunk 94 per cent in 2001 after a spate of profits warnings, along with questions about its ability to retain customers and rebuild its balance sheet.

__ "Our most distressed technology play is Marconi. The company teeters under financial pressure" - Jennifer Moran, Deutsche Bank analyst


"The stock has sold off over 95 per cent in the past year, the equity has been thrown to the wind. How do you know there`s value for shareholders?"

Ms Moran added that it was vital for Marconi to let investors know where it stood with regard to financing.

"The outcome with the banks could be a major catalyst for the company," she said. "We need to hear now what the situation is."

Other telecoms-related firms on the distressed list included Flag Telecom, Thus [UK:THUS, News, Chart, Research] and Jazztel [US:JAZZ, News, Chart, Research] .

Ms Moran added that while most of the telecoms firms were likely to pull through, high debt-to-equity ratios were here to stay.

"After 2002 these companies are likely to have a record level of debt that is set to dictate growth and act as a major driver of valuations and a catalyst for the sector," she said.

As for companies on their way up, Ms Moran said Xerox [US:XRX, News, Chart, Research] was a favoured play, having recently emerged with a stronger balance sheet and a better operating formula.

"Buhrmann is also a company whose debt appears to be stabilising and financially, the worst may be behind it," she added.

But Ms Moran estimated there would be at least another four to six months of uncertainty.

"After six months you`ll get a better sense of what funding is available," she said.

Buy or Bust - Deutsche Bank`s Top 20 Financially Leveraged Equities

Company Sector
Energis Telecom
Flag Telecom Telecom
Global Crossing Telecom
Colt Telecom
Song Networks Telecom
Level 3 Telecom
NTL Cable
Allegiance Telecom Telecom
Marconi Telecom Equipment
United Pan European Cable
American Tower Towers
Kmart Retail
TimeWarner Telecom Telecom
Buhrmann Retail
Thus Telecom
Nextel Telecom
Crown Castle Towers
Jazztel Telecom
PG&E Corporation Utilities
Xerox Technology
Friedel Rother is a reporter for FT Investor in London.

[Grufti1]

NAJA DENN EBEN NICHT: BEWAHRT EBEN EUER GEHEIMNISS.

[lilly-marleen]

hallo Grufti

[kays]

Marconi ist ja ziemlich abgeschmiert und ich vermute das es an dem bisher fehlenden Resultat bei den Verhandlungen wegen Kreditverlängerungen mit den Gläubigerbanken liegt. Wer weis mehr?

[speed007]

Was ist bloss los mit Marconi. Haben die Kreditverlängerungen nicht geklappt. Oder kommt es hier etwa auch zu einen Konkurs. Fragen über Fragen, vielleicht hat jemand eine Antwort.

Speedyyy

[BigBlender]

Wg. dieser Meldung und dem schlechten Outlook von Vodafone etc. But stop selling, people...heute schon 36 Mio. Shares gehandelt in London...weiter unten aber auch wieder ein neuer Deal...

Marconi PLC - Share Interest
RNS Number:3636R
Marconi PLC
12 February 2002


The undernoted announcement is made in accordance with
the requirements of paragraph 9.11 of Chapter 9 -
Continuing Obligations for companies:


Notification under section 198 of the Companies Act 1989

On 11 February 2002 the Company received notification
that on 8 February 2002 Morgan Stanley Securities Limited
(`MSSL`) and the group companies which are direct or
indirect holding companies of MSSL no longer have a
notifiable interest in the issued share capital of the
Company.


N C Porter
Secretary

This information is provided by RNS

__________________


Wednesday February 13, 8:02 am Eastern Time

Press Release

SOURCE: Marconi plc

Protel Deploys Advanced Marconi DWDM Backbone for
Long Distance Network in Mexico

$4.5 Million Solution Continues Series of Optical Wins for Marconi in Latin
America

LONDON and PITTSBURGH, Feb. 13 /PRNewswire-FirstCall/ -- Marconi (Nasdaq: MONI;
London) announced today that it has been selected by Protel, the Mexican network operator, to
provide an optical backbone network based on dense wavelength division multiplexing (DWDM)
technology to support a nationwide network. The contract follows a period of close consultation
during which Marconi worked closely with Protel to define its needs and set up the infrastructure
components, including power and outside plant equipment, necessary to deploy the network.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000504/MARCLOGO )

``Marconi took the time to understand the challenges we face and they designed a solution that
addresses all of our key concerns,`` said Benigno Perez Lizaur, Vice-Chairman and President of
Protel. ``Marconi was the only vendor that could adequately provide us with the advanced DWDM
solution we needed along with the rock-solid power and outside plant components that are needed
to keep the overall solution running.``

In 2001, Protel sent a team of engineers to Genoa, Italy to evaluate and test Marconi`s DWDM
solution in a lab environment. Marconi`s solution was selected by Protel over competing solutions
from several other vendors -- and will be delivered to Protel through a partnership with VarTec. The
network, which includes hardware, software and support services, will connect Mexico City,
Guadalajara and Monterrey-Laredo, Texas.

``This win is significant to Marconi because it represents yet another multi-million dollar optical
network win for Marconi in the Americas,`` said Armando Cuesta, Marconi`s Executive Vice
President for the Caribbean and Latin America. ``It shows that we can compete very successfully in
this area and that we can provide carriers with an end-to-end solution, including a full set of services
that are delivered locally.``


gruss,
BigBlender

[danatbank]

warum stop selling?
Die gehen doch pleite!
negatives Eigenkapital, rückläufige Umsätze, hohe operative
Verluste, nach den nächsten Zahlen Herabstufung des ratings
auf C und das bei einer noch immer ordentlichen MK.

[kays]

@ danatbank! Haben die nicht im letzten Quartal einen operativen Gewinn von 5 Mio Pfund gemacht? Ich denke eher das die immer noch ungeklärten Kreditverlängerungen die Stimmung ruinieren. Die mexikanische Akquisition von 4,5 Mio Dollar finde ich auch nicht meldewürdig aber man sollte doch bedenken das Marconi nicht nur gute Produkte in der Netzwerktechnik herstellt sondern auch im herkömmlichen Kommunikationsgeschäft, z.B. Technik für Fernseh- und Radiostationen, Hochfrequenztechnik,Messtechnik ein renommiertes Unternehmen ist.Falls die Banken Marconi die Stange halten ist der Weg bergauf m.E. gesichert.Auch die Marktkapitalisierung ( 1,3 Milliarden Pfund) erscheint mir bei einem Umsatz von 6 Milliarden nicht so hoch.

[danatbank]

@kays
OK, bin immer an einer fundamentalen Diskussion der
Dinge interessiert.

Repetieren wir mal die Zahlen im einzelnen. Der letzte
Stand (Q4 2001) sah so aus:

Marconi hat nach Konzernangaben vom Dienstag im dritten Quartal einen Verlust von 130 Millionen Pfund erwirtschaft. Der Gruppenumsatz brach von 1,689 Milliarden im Pfund im Vorjahr auf 1,041 Milliarden Pfund ein. Nun will das Unternehmen 4.000 weitere Stellen streichen, nachdem seit September bereits 8.000 Menschen ihren Arbeitsplatz verloren hatten./sc/af

Die wichtigsten Konkurrenten (Alcatel/Siemens/Nortel etc.)
rechnen für das erste Quartal 2002 mit weiter wegbrechenden
Umsätzen zw. -15% und -30%. Ob sich Marconi diesem
Trend zu entziehen vermag, erachte ich zumindest als
fraglich. Hinzu kommt die Abstoßung des
non-core-Geschäfts, so daß der Umsatz pro Quartal nur
noch ca.600 Mio.Pfund bei etwa 17.000 Beschäftigten
betragen wird.

Hauptproblem: Schulden
Hier die Bilanz des zum 30.9.:

in Mrd.Pfund
kurzfristige Vermögensgegenstände 4,1
kurzfristige Verbindlichkeiten 4,5
_________________________________________
Nettoumlaufvermögen -0,4

langfristige Vermögensgegenstände 2,8
(davon 1,6 abschreibungsreifer Goodwill!)
langfristige Verbindlichkeiten 3,2
________________________________________
Eigenkapital -0,8

Das ist ziemlich kraß. S&P wird wissen, warum sie
Marconi erst jüngst auf B abgestuft haben.
Bei einer realen EK-Quote von schätzungsweise -30%
ist eine weitere Herunterstufung auf C an sich
überfällig.
Möglich, daß Beteiligungen mit Bilanzgewinn veräußert
werden. Bis jetzt läuft es allerdings nicht optimal:
Für die Medizintechnik-Sparte konnten nur 1,1 statt
1,4 Mrd.€ erlöst werden.

Von der technischen Sicht vermag ich Marconi
zugegeben nicht genau zu beurteilen. Tatsache ist,
daß das Großkundengeschäft fast ausschließlich in UK
Umsätze macht (aus nationalen Gründen?). Ob die
Sendertechnik/HFT noch zu Marconi gehört, weiß ich
auch nicht genau. Ist bisweilen schwierig, bei den
ganzen Desinvestitionen den Überblick zu behalten.

Fazit: Verkaufen, solange die Teile noch etwas wert
sind.

MfG

[BigBlender]

@danatbank

Jetzt nach der Pleite zu rufen, halte ich für reichlich aus der Luft gegriffen, warten wir doch einfach die Ergebnisse der Kreditverlängerungen ab.
Marconi fällt z.Z. hauptsächlich wg. der schlechten Nachrichtenlage in der Branche, siehe ftd-Artikel.

http://www.ftd.de/tm/tk/FTDN73HOMXC.html?nv=cpm

Wozu voreilige Urteile fällen?

gruss,
BigBlender

[danatbank]

@BigBlender

War auch nur eine Vermutung, die allerdings aufgrund
operativ schlechter Aussichten und starker Überschuldung
(s.u.) nicht ganz abwegig ist. Es muß ja nur eine
Bank nervös werden. Frisches Kapital zu bekommen ist
auch nahezu unmöglich.
Allein das Zinsergebnis beträgt knapp -400Mio.Pfund/Jahr.
Bei 2,8 Mrd.Umsatz muß man da eine Umsatzrendite
erwirtschaften, die auch bei weitaus günstigeren
konjunkturellen Rahmenbedingungen verdammt hoch ist.

[BigBlender]

Der letzte Satz in diesem neuen Artikel ist vielleicht einer der wichtigsten in den letzten Monaten, vor allem im Hinblick auf die Folgen der "Enronitis".

FSA set to rule against Marconi
Watchdog report on July warning expected soon By Friedel Rother, FT Investor 10:12 GMT Feb 17, 2002

LONDON (FT Investor) - The Financial Services Authority is to criticise telecoms equipment maker Marconi for failing to keep its shareholders well informed about its trading position, before the company issued a profit warning last July, the Observer reported.

It cited industry executives, who said the FSA`s inquiry, which has been ongoing for nearly six months, would rule against Marconi`s [MONI, News, Chart, Research] former executives, including Lord Simpson and Sir Roger Hurn.

There is speculation the city watchdog could publish parts of its report within the next two weeks, the paper added.

A Marconi spokesman confirmed for FT Investor that the investigation was ongoing, but said he did not know when a ruling was expected and declined to comment further. The FSA also declined to comment, according to the Observer.

The July profit warning, in which Marconi shares plummeted after the group said its operating profits would likely fall by 50 per cent for the year and its sales by 15 per cent, turned out only to be the first of several for the company. At the time, however, it shocked the market because Marconi`s management hadn`t given any earlier indications that business was suffering.

In fact, the alert came just two weeks after Simpson, then chief executive of Marconi [MONI, News, Chart, Research], delivered an upbeat statement, a key point of investigation for the FSA, the Observer said.

However, even if the FSA does rule against Marconi, it won`t be able to levy any tangible punishment on the company. Rules allowing the regulator to fine businesses if they contravene stock market rules only came into effect in November and cannot be applied retrospectively, the paper explained.

Under the old rules, the FSA can either reprimand Marconi in public or in private. Observers suggested to the paper that the FSA would want to be perceived as exercising its power and therefore would choose the public option.

The paper said there is no suggestion of financial malpractice at Marconi.

(Friedel Rother is a reporter for FT Investor in London.)

gruss,
BigBlender

[danatbank]

@BB
Den jetzigen Zahlen zufolge sind die auch ohne Manipulation de facto pleite.

[BigBlender]

@danatbank

Das ist doch jedem klar!

Die Frage ist, wie sich die Banker verhalten und da halte ich mich lieber an Statements anstatt an persönliche Sentiments...

http://news.bbc.co.uk/hi/english/business/newsid_1772000/177…

Monday, 21 January, 2002, 07:07 GMT
Marconi `in debt extension talks`

The troubled telecoms equipment group, Marconi, is reportedly talking to its bankers about extending its overdraft to £3bn.
A new loan facility would replace two existing debts, the Financial Times reports.

Marconi`s existing debt is due to expire in March 2003.

The new facility which is being discussed would run for a further two years, the newspaper reported.

Asset security

A syndicate of banks, led by Barclays and HSBC, is expected to want the loan to be payable in 2005, ahead of Marconi bonds which mature that year.

That way, the banks would be paid before bond holders.

In exchange for such a deal, the banks are believed to extend the loan without securing it against Marconi`s assets, The Business newspaper quoted a senior banker within the syndicate as saying.

Asset sales

It is believed that to secure the new facility, Marconi will also be expected to repay some of its existing debts.

This would be done using the proceeds from sales of assets.

Marconi has raised about £1.5bn in recent months from disposals.

Credit rating

Last week, the ratings agency Moody`s Investors Service downgraded Marconi`s debts, insisting that its credit worthiness had been hit by falling sales of and orders for the company`s products.

The decline in Marconi`s business outweighed the positive impact of the company`s push to cut costs.


gruss,
BigBlender

[danatbank]

@BigBlender

Für die Banken stellt sich insbesondere die Frage, wie
sie am günstigsten herauskommen. Hierfür sind zwei
Dinge wichtig:

1.Die Anleihen, die im Falle einer Insolvenz nur
nachrangige Ansprüche hätten, werden munter weiter
bedient, während die Banken die Felle schwimmen sehen.
Den jüngsten Rückkauf eigener Aktien durch Marconi
sehe ich damit im Zusammenhang, daß die Banken
ihren Spielraum erhalten möchten.

2.Die Entscheidung, Marconi weiter zu unterstützen,
wird maßgeblich davon abhängen, ob sie in der Lage
sein wird, einen deutlcih positiven Kassenfluß zu
erreichen. Da die gesamte Konkurrenz erst Ende 2002/
Anfang 2003 einen zaghaften Aufschwung sieht, ist
hiermit kurz- (und wahrscheinlich auch mittelfristig)
nicht zu rechnen.

Wie auch immer, eine Schrumpfmarconi mit 17.000
Beschäftigten liegt weit unterhalb der kritischen
Masse.

[BigBlender]

Lehman News round von heute:

Finmeccanica according to press board should decide soon whether to buy Marconi `s Italian assets.

[BigBlender]

Kleinvieh...

Paris Transport Authority Chooses Marconi Metro Solution for Multi-Service
Broadband Network
Date(s): 2/19/2002

For a complete listing of our News Releases visit:
http://www.marconi.com/html/news/headlines.htm


Multi-service network will provide improved video surveillance and
new internet, voice and video services for passengers

Paris – February 19, 2002 – Régie Autonome des Transports
Parisiens (RATP), the Paris transport authority, has chosen
Marconi (London and NASDAQ: MONI) to build a new multi-service
broadband network for video surveillance, voice communications and
advanced data services for the Paris Metro, and the city`s train,
bus and tram systems.

When complete the £8 million (€14 million) network will be one of
the largest ATM (Asynchronous Transfer Mode) networks installed
anywhere in Europe and will support up to 6,000 cameras and 300
video monitors, as well as connecting 400 PABXs (Private Automatic
Branch Exchanges), linking some 40,000 telephone lines, and 1,500
Local Area Networks across 500 Metro, train and bus stations.

RATP`s primary objective was to upgrade its video surveillance
system in order to reduce costs, improve efficiency and enhance
security inside its stations. The network will also provide new
services for passengers, such as Internet access and an internal
video channel. To achieve all this, the RATP needed a new multi-
service broadband video, voice and data network, which would also
allow it to make use of its existing legacy networks. Marconi`s
ATM solution provided a packet-based, multi-service network which
matched the company`s requirements exactly.

"Marconi won the contract against an initial list of 28 and a
short list of five leading communications companies, because of
the technical excellence of our solution," said Jérôme Clapisson,
Regional Sales Manager at Marconi`s Paris-based offices. "We won
because of our extensive experience in building the kind of large-
scale multi-service broadband system RATP needed."

Marconi provides traffic management, traffic engineering, call
performance and Quality of Service (QoS). With a full range of
interfaces and the ability to employ ATM and/or IP/MPLS (Internet
Protocol/Multi-Protocol Label Switching), customers gain a
scalable, reliable and flexible solution that provides investment
protection as services and technologies evolve. Deployment of the
backbone network for RATP is due to begin in the summer of 2002.

"The RATP`s need for a communications network that links a number
of Local Area Networks and supports different applications is
similar to the requirements of a service provider. Marconi`s
expertise in delivering carrier-grade, multi-service solutions
with the flexibility and scalability to expand in a cost-effective
manner, is a good fit for RATP," said Zeus Kerravala, VP of
Enterprise Infrastructure at Yankee Group. "It is also an example
of how communications networks need to evoke the same business
efficiency and certainty that users expect of their utilities –
always on, but transparent to the end users like electrical
service."

Notes to Editors

The project comprises two distinct parts: core ATM switches and
edge switches. In the main core, Marconi`s solution will deploy
ASX™-4000 multi-service switches in six key locations, connected
in a full mesh via redundant STM-4 links. As the network evolves,
the links can be upgraded to STM-16 to support up to 2.5 Gbit/s.
For aggregation purposes, the inner core will use 32 ASX-1000
multi-service switches, each connected to the core ASX-4000s via
two STM-4 links. For the access, the ASX-200BX multi-service edge
switch will be deployed in each of the 500 metro, train and bus
stations, connected to the ASX-1000s via dual STM-1 links. Each
ASX-200BX will deliver the following services:
? Voice – 400 PABXs will be connected using CES or an ATM
uplink
? Video – 4000 video cameras (at least eight per station) will
be attached to the ASX-200BX via an STM-1 uplink
? Data services through a four port Ethernet module on an ASX-
200BX or via an STM-1 link
? All traffic will be routed through this network using two-
level hierarchichal PNNI
(Marconi has unique experience in building large ATM
networks in France and around the world using highly robust
PNNI (Private Network-to-Network Interface) implementations.
PNNI is a routing protocol used to dynamically create or re-
route connections across an ATM network without the need for
operator intervention)
? Both Marconi ServiceOn Data and ServiceOn Modeler network
management systems will be used to proactively run the RATP
network.

[lbbberlin]

Wat nu los?

30% minus heute?

Weiß einer was?

lbbberlin

[uwich]

keiner weiß was , aber alle machen mit-hihi
und der Uwich hatte ein feines Abstauberlimit liegen gehabt auf 0,24.sieht gut aus!!!!!

[bassam]

hallo
große umsätze,größe schwankungen tief 0,23!!!!zur zeit 0,29
die börse ist verdammt schwer, trotzdem keine nachrichten
starke nerven gefragt
marconi für day trader gut geeignet

[dl9baf]

22.02.2002 13:31 Uhr

Marconi verliert 15,38% - Schuldenberg weckt Befürchtungen

LONDON (dpa-AFX) - Der Aktienkurs des britischen Telekommunikationsausrüsters Marconi hat am Freitag unter Befürchtungen einer möglichen Zahlungsunfähigkeit gelitten. Zuvor hatte der hochverschuldete Mitbewerber Energis mitgeteilt seinen Zahlungsverpflichtungen eventuell nicht nachkommen zu können. Die Marconi-Papiere verloren bis 14.00 Uhr um 15,38 Prozent auf 16,50 britische Pence. Der britische Leitindex FTSE-100 verlor zur gleichen Zeit 0,88 Prozent auf 5.028,80 Punkte.

Unter einer ähnlich hohen Schuldenlast steht aber auch Marconi. "Die Anleger befürchten, dass es bei Marconi ähnlich dramatisch aussehen könnte wie bei Energis", erklärte ein Analyst. Das veranlasse nun verunsicherte Anleger zum Ausstieg aus dem hochverschuldetetn Telekommunikationssegment./FX/fh/ms

[uwich]

mit 20% raus- nicht schlecht :-))

[BigBlender]

Panik wenig begründet - zur Zeit...

AFX-Focus) 2002-02-22 12:44 GMT: Marconi says still in active discussions with banks on debt
LONDON (AFX) - Marconi PLC said discussions with its bankers are continuing apace, as shares in the troubled telecoms equipment maker plunged nearly 25 pct amid fears that it will not be able to reschedule its debt.
"We continue to have active discussion with our banks, but we haven`t set ourselves a timetable for reaching an agreement," a spokesman for the group said.

On January 15, Marconi said its net debt had been reduced to 3.5 bln stg, but after a series of profit warnings and today`s Energis-related sell-off Marconi`s market cap stands at just over 430 mln stg, down from 35 bln stg just over a year ago.

After around 1.75 bln stg of disposals since the end of Sept, Marconi is widely expected to hit its year-end net debt target of 2.7-3.2 bln stg, down off peaks of 4.4 bln last year.

But it is having to weigh up whether to use this cash to buy back its junk-rated bonds or to pay off some of the debt.

Alternate carrier, Energis said yesterday it did not expect to comply with the terms of a 750 mln stg loan advanced in November, leaving it in real danger of defaulting on the next coupon of its high-yield debt, due March 15.

Fears of a default by Energis lead investors to question the likelihood of Marconi success in renegotiating the terms of its own banking facilities on anything approaching favourable terms.

Marconi long-term corporate credit rating was cut in January to B+ from BB by rating s agency Standard & Poor`s Corp, adding to fears about the group`s ability to come to an agreement with the banks.

But its not all bad news as Marconi still has banking facilities that it has not drawn down, industry sources noted.

Lead Bankers in Marconi`s consortium are HSBC and Barclays.


gruss,
BigBlender

[dl9baf]

Ich denke auch, das es keinen Grund für die derzeitige Panik gibt. Wir werden nächste Woche wieder Kurse bei 0,35 - 0,38 sehen. Also diese günstige Chance nicht verpassen !

[danatbank]

Wieso keinen Grund?
Rechne mir doch mal bitte ein Szenario vor, nach dem
sich eine Investition in Marconi rentiert.
Das laufende Desinvestitionsprgrm. verschärft die Lage
sogar noch, weil die anteilsmäßigen Verkaufserlöse unter
den Umsatzanteilen der veräußerten Beteiligungen liegen.
Dazu kommt eine historisch schlechte Branchenkonjunktur.
Die Banken hoffen noch auf eine Besserung der Konjunktur,
aber wenn die nicht eintritt, wird Marconi schleunigst
abgewickelt.

[danatbank]

Marconi is also providing a reliable network foundation for the core of the Internet , with customers including Cable & Wireless, UUNET Technologies, Level 3 Communications, MCI/WorldCom and Qwest.

[danatbank]

Beispiel Qwest:
Das Unternehmen hat aus diesem Grund auch angekündigt, dass es die Ausgaben für die eigene Infrastruktur im laufenden Jahr nochmals zurückfahren werde. Von 8 Mrd. Dollar im Vorjahr auf 3,7 Mrd. Dollar in 2002.

[BigBlender]

@danatbank

Du hast aber sicher Vorstellungskraft genug, was mit dem Kurs passiert, wenn MONI durchhält und einen solchen Auftrag erhält...

http://www.independent.co.uk/story.jsp?story=139305
Marconi aims for an Army call-up
By Clayton Hirst
24 February 2002
Marconi is in line for a £1bn contract to kit out the armed forces with hi-tech battlefield gadgetry.

The beleaguered telecoms equipment maker is one of four companies shortlisted to equip 35,000 military personnel with guns allowing soldiers to see around corners, helmet visors with computer screens and voice-activated ammunition. Marconi is up against BAE Systems, Raytheon and Thales Defence for the Ministry of Defence (MoD) project code- named Future Integrated Soldier Technology (Fist).

Lieutenant Colonel Dave Stewart, project manager at the Defence Procurement Agency, said: "This is one of the MoD`s top priorities. For some time we have been putting clever technology in tanks, aircraft and ships. Because of miniaturisation and further advances in technology, we are now able to equip soldiers. The days of kitting out a soldier with just a pair of boots and a rifle are over."

Officially, Fist`s project value is £400m, but a source close to the bidding process revealed that the contract could be worth up to £1bn when additional services such as maintenance are included.

Pitted against three defence groups, winning the Fist project would be a coup for Marconi. After selling its defence interests in the 1990s, the company is now focused as a pure telecoms equipment maker.

But having made a series of expensive acquisitions during the telecoms boom, the company is struggling because many of its once high-spending customers have retrenched.

Fist was invented by Qinetiq, the former MoD laboratories. The winning bidder will need to develop the technology further to ensure it works with more than 50 telecoms and IT systems used by the RAF, Army and Navy

The shortlist of bidders is due to be reduced to two this summer. One of the criteria for assessing the bids will be the companies` financial strength. "The bidders need the staying power to manage the programme in the long term," said Lt Col Stewart.

The two shortlisted parties will each receive £250,000 to work on a trial project with the MoD. "We will be looking very closely at their behaviour, as we will have to develop a very close relationship with the winning contractor," said Lt Col Stewart.

The MoD hopes to award the contract early next year, run field trials in 2006 and have the equipment in operation by 2009.


gruss,
BigBlender

[danatbank]

Bei 200.000 Pfund Bankschulden/MA und einem B+-rating
ergibt sich selbst bei aufhellender Konjunktur ein ziemlich hoher dynamischer Verschuldungsgrad.

[BigBlender]

More to come...


Oxford, UK - 25 February 2002
CONFIRMANT UNVEILS THE FIRST COMPREHENSIVE DATABASE OF HUMAN PROTEINS, THEIR VARIANTS AND THE GENES THAT ENCODE THEM

Using Experimentally Derived Data, Confirmant`s Protein Atlas of the Human GenomeTM will be a Powerful New Tool for Understanding Causes of Disease and Aiding Drug Discovery and Development

Santa Clara, California, 25th February 2002 - Confirmant Ltd., a provider of innovative bio-information, will preview its breakthrough Protein Atlas of the Human Genome at CHI`s upcoming Genome Tri-Conference 2002, running from the 23rd of February to the 1st of March at the Santa Clara Convention Center.
Unlike existing genomics databases that use DNA/RNA information to predict genes and proteins, the underlying foundation of the Protein Atlas are the proteins themselves. Proteins are the true drivers of cellular function and therefore play a key role in the cause and treatment of disease.
The information contained in the Protein Atlas is experimentally derived using unique and proprietary technologies developed by Oxford GlycoSciences - one of the world leaders in high-throughput proteomics - to identify protein sequence tags (PSTs) that can be mapped back to the human genome to define gene fine structure unambiguously.
This approach will overcome the inaccuracies associated with computational predictions and will facilitate the drug discovery process by providing accurate and definitive information needed for the identification, prioritisation and validation of drug targets.

"The publication of the draft human genome was a turning point in many respects." notes Dr. Jonathan Sheldon, Confirmant`s Chief Technology Officer. "On the one hand, it has provided a remarkable stepping stone on which to build our understanding of human biology. On the other hand, it has also shown that genomics alone could not provide all the answers. Even the simplest questions such as `how many genes do we have?` - not to mention proteins - have yet to be answered."

Not only does the Protein Atlas currently contain information some 7,000 genes, it also includes their fine structure, as well as the protein variants that they encode. Some of these genes have never been identified before by predictive or indirect methods and represent a tremendous potential for novel therapeutic intervention.

"The Protein Atlas is a combined genomics and proteomics approach that has tremendous potential to increase our understanding of disease at molecular level, and deliver a substantial productivity boost to drug discovery pipelines." Explained Dr. Andrew Lyall, OGS` Chief Information Officer and Confirmant`s Board Director, whilst pointing to the value of Confirmant`s new bio-information offering.

According to Confirmant`s Dr. Sheldon, key application areas for Protein Atlas bio-information will include:
Identifying novel targets and biomarkers
Improved annotation to facilitate validation of existing targets
Compound screening
Positional cloning and association studies
Microarray design
Protein-centric organisation of biological information
The Protein Atlas is expected to contain more than 10,000 protein-coding genes by the time of its first commercial release, planned for June 2002, and it should be complete by 2003.

Special Note

At CHI`s Genome Tri-Conference 2002, Dr. Sheldon will make a short presentation on Saturday the 23rd of February at 5:15pm, entitled `The Protein Atlas: Finding Forward Momentum in Post-Genomics.` A press briefing will be held Tuesday the 26th of February at 10.15am. This will be followed by a breakfast workshop at 7:30am, Wednesday the 27th February, `The Protein Atlas of the Human Genome: Unambiguous Identification, Location and Organisation of All Human Protein-Coding Genes in the Genome.` Confirmant will also demonstrate and preview its bio-information solution at Booth 402 throughout the conference period.

About Confirmant

Confirmant Ltd. provides novel and unique post-genomic bio-information to the pharmaceutical, biotechnology and medical research communities. Based on experimentally derived human protein sequence determination, Confirmant`s first database product, the Protein Atlas of the Human Genome, will be the first definitive database of human proteins, their variants and genes encoding for them. This information will more reliably aid in the identification and validation of drug targets and disease biomarkers, resulting in faster and more effective development of new treatments and diagnostics. Confirmant is a joint venture between Oxford GlycoSciences (LSE: OGS; NASDAQ: OGSI) and Marconi (LSE: MONI) and is based in Abingdon in the United Kingdom.

About OGS

OGS has developed a patented technology platform in the emerging field of proteomics, the comprehensive study of proteins, integrating proteomics with genomics to create an innovative drug discovery platform. OGS` proteomics collaborations with major pharmaceutical and biotechnology companies include Bayer, Pioneer Hi-Bred/DuPont, Medarex/GenMab, GlaxoSmithKline, NeoGenesis and Pfizer. OGS has technology development collaborations with Applera, Cambridge Antibody Technology, Packard BioScience and the Institute for Systems Biology.
UK Contact Information
Natasha Martinez
Confirmant Ltd.
[e-mail]
[phone]

USA Contact Information
Penelope Lamers
Neale-May & Partners
[e-mail]
415-646-0055 x 507


London and Oxford, UK - 15 June 2001
MARCONI AND OGS FORM JOINT VENTURE TO PROVIDE PROTEOMICS DATA AND HOSTING SOLUTIONS
Major initiative in pharmaceutical bio-informatics as proteomics and communications converge



Marconi plc (LSE and NASDAQ: MONI) and Oxford GlycoSciences Plc (LSE: OGS, NASDAQ: OGSI) announce today that they have formed a joint venture, to be known as Confirmant Limited (`Confirmant`), which will integrate and leverage Marconi`s broadband data transmission and hosting capabilities with OGS` proteome databases, in particular The Protein Atlas of the Human GenomeTM (see separate press release issued by OGS today), and its data analysis software tools.

OGS and Marconi believe that Confirmant will be the first company to provide the pharma-ceutical industry with unambiguous information on the genes which encode for proteins. It is expected to have a major impact on the discovery and validation of disease targets for the development of new drugs. In the longer term, the aim is to apply these technologies to patient diagnosis and treatment.

Through Confirmant, customers will gain substantial computing power, the ability to send their data in a secure pipe, and then mix, integrate, and manipulate them in a secure environment. Real-time delivery and the ability to manipulate data are firsts in the pharmaceutical research industry.

gruss,
bigblender

[BigBlender]

Marconi Welcomes Broadband Britain Growth Accelerator
Date(s): 2/26/2002

For a complete listing of our News Releases visit:
http://www.marconi.com/html/investors/corporatenews.htm

For a complete listing of our Press Releases visit:
http://www.marconi.com/html/news/headlines.htm

London — February 26, 2002 — Marconi (London and NASDAQ: MONI),
the UK`s leading broadband network equipment company, today
welcomed BT`s determined plans to stimulate the take-up of
broadband access across the entire industry as a shot in the arm
for British competitiveness and efficiency.

"This is a bold move that spells good news for businesses, for the
economy, for consumers and for the sector as a whole. We believe
that this move will help kick-start the mass take-up of broadband
access across the country," said Mike Parton, Marconi`s chief
executive. "Mass adoption of broadband will enhance the efficiency
and competitiveness of British businesses and help put Britain at
the forefront of the global information society. BT should be
applauded for its decision."

Martin Harriman, Marconi`s chief marketing officer and a member of
the Broadband Stakeholder Group`s Executive Committee, says: "BT`s
bold move, covering pricing, enhanced service and support and
marketing across the sector to drive demand is a boost for the
entire UK telecommunications sector at a time when the industry is
suffering one of the most difficult periods in its history."

Greater broadband access will also drive the need for greater
network capacity across Britain`s core communications
infrastructure. Says Harriman: "Bandwidth limitations at the
access point creates the main pinch point on any network. The mass
roll-out of broadband access will reduce these problems
significantly."

[danatbank]

Bald ist nichts mehr übrig:

COMPANIES & FINANCE UK: Suitors eye Marconi division NEWS DIGEST:
Financial Times; Feb 25, 2002
By CAROLINE DANIEL



Suitors eye Marconi division

Marconi, the telecommunications equipment company, has received approaches from a number of companies interested in buying its Italian defence subsidiary.

Although Marconi Mobile, based in Italy, was not put up for sale as part of a disposal programme, offers have been received from defence companies, thought to include BAE Systems, Thales and EADS.

Marconi Mobile could be worth more than Pounds 400m. Caroline Daniel

Copyright: The Financial Times Limited 1995-2002

[BigBlender]

Heute gibts wieder MONI billigst...


Easynet writes-off ipsaris, CEO goes
Ex-CEO resumes role as company sees large 2001 loss By Madeleine Acey FT Investor, 10:27 GMT Feb 28, 2002

LONDON (FT Investor) - Internet service provider Easynet has written down the value of the network it acquired with Marconi`s ipsaris broadband unit last year by £368.8m, sending the company into a deep full-year loss.



The chief executive who came with ipsaris has gone with immediate effect.

The company also said it would close its newest European businesses in Italy and Switzerland where it won significant contracts last year with Tiscali [928860, News, Chart, Research] and Reuters [RTR, News, Chart, Research] [RTRSY, News, Chart, Research].

Loss

Despite an 89 per cent jump in turnover to £78.7m with the July 2001 acquisition on its books, Easynet [ESY, News, Chart, Research] posted a pre-tax loss of £292.67m for the 2001 year after asset write-downs of £368.8m. The previous year`s pre-tax loss was £12.11m.



The loss before interest, tax, depreciation, amortisation and exceptional charges was £32m. Altium Capital said this was in-line with its expectations.

Easynet said the write-downs reflected the reduced value of its wholesale network which would be rationalised leading to 90 staff cuts. It swapped £350m worth of stock for the fibre optic network arm of troubled telecoms equipment supplier Marconi [MONI, News, Chart, Research] [MONI, News, Chart, Research] last year. Marconi has a 49 per cent stake in Easynet.

Lock-in ends

Shares were quoted up 5.4 per cent at 147.5p but did not trade. Marconi`s lock-in regarding sales of its shares ends today.

Easynet said chief executive Neil Rafferty, the former CEO of ipsaris who came with the merger, would leave immediately as a result of the decision to scale back the wholesale business. Former Easynet CEO David Rowe, currently executive chairman, would resume the role of chief executive.

The staff lay-offs and scaling down of its wholesale business - which sells network capacity to other telecoms players - would reduce costs by £10m a year and incur estimated costs of £7m. Easynet also said it had £204.6m in cash at the end of the 2001 year. It had £341m in May 2001.

Chairman and chief executive David Rowe said the company had made excellent progress in providing business customers with broadband Internet access. It acquired ipsaris to provide these services. Monthly revenue from DSL (digital subscriber line) services had almost trebled to £9.6m.

"Easynet is clearly the leading alternative to BT [BTA, News, Chart, Research] [BTY, News, Chart, Research] in DSL to the business community being the first operator to have unbundled a loop in the UK and now the operator with the most unbundled lines," he said.

BT has to allow other carriers access to (or "unbundle") its local loop or "last mile" links which are the parts of its national network connecting exchanges to customer premises.

Dilip Shah, Altium Capital analyst, said Easynet was now the leading alternative DSL provider in the UK. He praised its business model of securing sufficient business before spending on network roll-out. Mr Shah said Altium thought the write-down on the wholesale network was a prudent decision, bringing the book value into line with the network`s real value.

He said Easynet`s cash reserve was £36.5m below his expectation.

"Easynet is one of the few AltNets which we believe has a fully funded business model and a focused business strategy in an area where all its competitors have pulled out," he concluded. He had a "buy" rating on the stock.

Organic growth

The company said it grew its core, pre-ipsaris, ISP business by 32 per cent with revenues rising to £43m. It added it was making inroads in the education market.

The wholesale business had faced a weak market, it said, and the write-down decision was consistent with expectations for that market.

"We believe that the company is well positioned to take advantage of the opportunities in 2002 and will continue to focus on accelerating the company to profitability," the company said.

gruss,
BigBlender

[BigBlender]

OGS-Marconi JV Debuts Its Protein Atlas. But Customers Will Have to Wait Til June
By Ken Howard, GenomeWeb senior reporter

SANTA CLARA, Calif., Feb. 27 - The Protein Atlas is a bit of a June bug.

Confirmant, a joint venture born last June between Oxford GlycoSciences and Marconi, gave a coming-out party here at the 2002 Genome Tri-Conference for its widely anticipated database of human protein-coding genes.


When it is commercially introduced this June, the Protein Atlas will contain information for 10,000 experimentally derived genes, said Jonathan Sheldon, the JV`s chief technology officer.

By June 2003, the goal is to have 30,000 genes and to expand the database over time by adding information on genes linked to time progression of disease states and eventually providing information on protein-protein interactions.



The samples for deriving the database`s gene information come from tissue, cell lines, and body fluids from many different populations with different diseases from all over the world, said Sheldon.



"You name it, we`ve got it: hearts, livers ... cancer, Alzheimer`s. All kinds of diseases," he said here.



The proteins held in the database are separated using a variety of methods, including 2-D gels and ICAT, and identified using mass spectrometry, Sheldon explained. The peptides are then mapped back to the human genome using coding exons.



"Our data is unique because it is experimentally derived, it`s not computational prediction," said David Palmer, acting CEO of Confirmant. He will resume duties as vice president of business development once a search for a permanent CEO is completed, he said.



Confirmant appears to be bucking the trend away from bioinformatics as a business model. Despite the shape of the bioinformatics marketplace these days, Palmer--who calls Confirmant a "bioinformation company"--was adamant that the JV would stick to its data-for-sale model.



"We are not a drug-discovery company," Palmer insisted. "It is not in the charter, it is not in the plan."



Confirmant plans to market its database to pharmaceutical companies and large biotech companies, though company officials would not reveal how much they would charge.



"It comes with a whole stack of qualifications," said Sheldon. "Currently, the business model is a variety of offerings, priced accordingly."



Sheldon, however, did not dispute the £2 million, or roughly $2.9 million, annual per-company fees reported before.



The 50-50 Confirmant JV received initial cash funding of £30 million. Terms of the agreement call for Confirmant to pay Oxford GlycoSciences £5 million for exclusive marketing rights to intellectual property on selected proteome databases and £1.5 million to license data-analysis software. Additionally, Marconi will invest £10 million in Oxford GlycoSciences through the purchase of company shares.



Confirmant executives described Marconi`s interest in the joint venture as the JV`s de facto entrée into the biotech industry.

[BigBlender]

Solche Aufträge an ein Pleiteunternehmen?

Highways Agency asks Marconi to service East Midlands motorway
network

London — 4 March, 2002 — Marconi (London and NASDAQ: MONI) is to
service and maintain roadside communications, signalling and
monitoring systems of a trunk road and motorway network in the UK.
The four-year East Midlands Regional Maintenance Contract, which
includes an option for a further two years, is worth over £3
million. It was awarded to the Transportation arm of Marconi
Integrated Systems by the Highways Agency, the Government body
responsible for England`s major roads on behalf of the Secretary
of State.

The contract win follows a similar agreement between Marconi and
the Highways Agency, signed in 1999, to service the southern
section of the M25 motorway network around London and associated
motorways in south east England.

Under the contract, Marconi will provide continuous round-the-
clock support for the Highways Agency, covering planned
maintenance and repair. It covers all roadside electronics and
communications, including variable message signs, emergency
roadside telephones, Closed-Circuit Television (CCTV), matrix
signs — such as fog warnings - and the Motorway Incident Detecting
and Sensing (MIDAS) system, which gives warning of queuing
traffic. Marconi will also look after the Control Office Backbone
Software (COBS) and service the Police`s four regional motorway
control centres - Kegworth, Wooton Hall, Kempston and
Hinchingbrooke, near Cambridge.

"Marconi`s experience on the M25 and the rapport built up on that
contract laid the foundations for this successful bid," said
Arthur Norton of the Highways Agency. "We need long-term partners
with extensive knowledge of quality, maintenance and management.
Marconi fits that bill perfectly and we are delighted to have them
on board."

The East Midlands network stretches along roughly 250 miles of
motorway and all-purpose roads. Starting from the M1 at Luton
running up to Kegworth, it also includes the M45, M11 and A14.
Located alongside the highways are 507 emergency roadside
telephones, 481 motorway signals, 229 VMS units, 48 CCTV cameras
and 3951 vehicle detection loops. Additionally, the network
includes 3420 equipment cabinets and control outstations, giving a
total of 8640 highway assets.

"This is a challenging project but one perfectly suited to
Marconi`s skills and experience," said Peter Eccleson, Business
Development Director, Marconi Transportation. "Our extensive
knowledge of the Highways Agency and excellent understanding of
the existing and future data voice and CCTV Systems, plus our
innovative approach to partnering, gave us the edge. This is
another step forward in our strategic direction of forming strong,
long-term relationships with important customers whose networks
are business critical."

About Marconi plc
Marconi plc has research and development facilities in 19
countries, manufacturing operations in 16 countries, and serves
customers in over 100 countries, delivering innovative solutions
that transform communications networks. Marconi plc is listed on
the London Stock Exchange and Nasdaq under the symbol MONI.

This press release contains forward-looking statements with
respect to products, partners, customers, future growth and other
matters. Please refer to the Form 20-F report and Form 6-K reports
filed by Marconi plc with the United States Securities and
Exchange Commission for a discussion of risks that could cause
actual results to differ materially from such statements.

Copyright © 2002 Marconi plc. All rights reserved. All brands or
product names are trademarks of their respective holders.

Marconi Contact
Patrick Murphy
PR Manager, UK, Middle East and Africa
Marconi plc
Phone: [phone]
Email: [e-mail]

[danatbank]

Wer wird das Marconi-Rest-Geschäft übernehmen?
Cisco?
Siemens?
Nokia?
Meinungen erbeten.

[Prodrive]

Marconi setzt Restrukturierung wie geplant fort
Verhandlungen über Stellenabbau in Deutschland beginnen

Backnang, 5.3.2002 - Der Telekommunikationsausrüster Marconi konkretisiert jetzt sein im Januar angekündigtes Programm zum Stellenabbau. Dabei sind auch die Standorte des Unternehmens in Deutschland betroffen. Bis Ende März 2003 sollen mit Schwerpunkt in Backnang, Frankfurt/Main sowie Offenburg und Radeberg rund 850 Arbeitsplätze wegfallen. In Verhandlungen mit dem Betriebsrat wird eine sozialverträgliche Regelung angestrebt, die neben der natürlichen Fluktuation auch Vorruhestandsregelungen einbezieht. Dennoch werden sich betriebsbedingte Kündigungen nicht vermeiden lassen.
Der größte Teil des Stellenabbaus wird die Fertigung des Unternehmens in Offenburg betreffen. Marconi plant, Teile der Fertigung innerhalb des Konzerns oder auf Zulieferer zu verlagern. Das wird mit einem Abbau von rund 470 Stellen verbunden sein. Das Unternehmen zieht damit die Konsequenz aus dem weltweiten Einbruch der Nachfrage für Telekommunikationsausrüstung. Am Hauptsitz des Unternehmens in Backnang sowie an anderen Standorten stehen rund 380 Stellen vor allem in den Bereichen Entwicklung, Fertigungsunterstützung, Vertrieb und Verwaltung zur Disposition.
Durch diese Maßnahmen wird das Unternehmen wieder auf eine solide wirtschaftliche Basis gestellt. Marconi verpflichtet sich weiterhin, in Deutschland eine wesentliche Präsenz mit seinen Schlüsselgeschäftsbereichen wie zum Beispiel Technik, Verkauf und Marketing, Customer Fulfilment, Supply Chain sowie anderen Supportbereichen aufrecht zu erhalten.


Das Unternehmen Marconi
Marconi entwickelt weltweit innovative Lösungen für Telekommunikationsnetze. Die Systeme sind in über 100 Ländern im Einsatz. Das Unternehmen unterhält Forschungs- und Entwicklungseinrichtungen in 19 Ländern sowie Produktionsstätten in 16 Ländern. In Deutschland beschäftigt Marconi zur Zeit noch rund 3000 Mitarbeiter an den Standorten Backnang, Offenburg, Frankfurt/Main und Radeberg sowie in mehreren Vertriebsbüros. An der Londoner Börse und im New Yorker Nasdaq werden die Aktien von Marconi unter dem Kürzel MONI gehandelt.

[BigBlender]

Schon 50% vom Tief wieder aufgeholt, geht also doch...

Hohe Zunahme von institutionellem KaufINTERESSE, wie man im Wochenvergleich auf http://iw.thomsonfn.com/iwatch/cgi-bin/iw_ticker?t=MONI&rang… sehen kann.

gruss,
BigBlender

[danatbank]

http://messages.yahoo.com/bbs?action=t&type=r&board=yahoo.8e… Fast wie bei LBC:

...nur Bekloppte!

[BigBlender]

Was ist, haste verpennt, bei 0,25 reinzugehen, Du Bekloppter?

Bis jetzt hattest Du ja ganz vernünftige Beiträge, aber mit dem Niveau kannst Du auch wegbleiben.

Danke,
BigBlender

[BigBlender]

Da es heute Bedenken wegen der Pensionspläne gab:

Marconi PLC
8 March 2002


MARCONI PLC ANNOUNCES ADJUSTMENT
TO PENSION CONTRIBUTIONS

London, March 8, 2002 - Marconi plc (London and Nasdaq: MONI)
today announced that, following an interim review of its pension
plan (the GEC 1972 Plan) by independent actuaries, it is to
increase its rate of contribution to fund future accruals from
6.6% to 8.2% of pensionable payroll from 1 April 2002.

The Company will also fund a past service deficit of £137 million
by making additional contributions spread over the average future
service lifetime of active members, which is 12 years. This will
be an additional funding of some £16 million per annum.

The independently conducted interim review, based on the value of
the fund as of September 30, 2001, found that under the
assumptions
used for the statutory minimum funding requirement (MFR) the fund
remains strong at 120% and that under the new accounting standard
(FRS 17) assumptions, the fund was 100% funded.

[danatbank]

@BigBlender

Sorry, der Kommentar war auf den Link zum Yahoo-Board
bezogen. Dort wird nach dem Motto atgumentiert: Ich hab´s
im kleinen Finger, Marconi ist 5$ wert.

An sich ist es ganz einfach:
Man muß nur Marktkapitalisierung, Buchwert und
verschiedene Szenarien für den Ertragswert durchrechnen.

Die Bilanz zum Ende der Restrukturierungsphase wird
sehr interessant werden, zumal Restrukturierung bei
Marconi bedeutet: Konzentration auf den größten Cashburner.
Zudem werden durch die Verkäufe die Bilanzrelationen
weiter verschlechtert.

Bislang hat Marconi gerettet, daß sie noch über erhebliche,
teilweise ungenutzte Kreditlinien verfügt. Der größte Teil
(2,8 Mrd.Pfund) wird März 2003 fällig.
http://globalarchive.ft.com/globalarchive/article.html?id=02…
Wenn Marconi bis dahin nicht beweist, daß man operativ
einen positiven Kassenfluß generieren kann, werden
die Banken Marconi abwickeln.

Disposals Q1 2001:
ca.300 >> Strategic Communications
120 >> GDA
20 >> Lootomatica
230 >> Commerce Systems
20 Optical Components
280 >> Data Systems
____________________________
ca.1 Mrd.Pfund

[BigBlender]

Ok, sorry.


BigBlender

[BigBlender]

Wer glaubt, daß die Banken im März den Stecker ziehen???


China Mobile Selects Marconi for Fixed Wireless Network in Shandong Province
Marconi makes strategic move in China’s deregulated telecom market

Hong Kong — March 14, 2002 — Marconi (London and NASDAQ: MONI) today announced that China Mobile, the biggest mobile operator in China, has selected Marconi’s Digital Multipoint System (MDMS) to support the 3.5GHz fixed wireless access project for Shandong Mobile. This MDMS contract is another strategically significant win for Marconi in the wireless access market in China. The win follows the December 2001 announcement that Guangzhou Broadband Backbone Network (GZBBN) was deploying the Marconi MDMS solution in the 10.5GHz frequency band to provide a range of bandwidth-demanding services to the central Guangzhou area.

Under the terms of the agreement, Marconi will install a number of base stations managed by Marconi’s ServiceOn Access Network Management system to seamlessly cover the Qingdao region in the Shandong province. One of the key benefits of the Marconi fixed wireless network solution is the ability to easily upgrade as operator demands change.

Marconi’s MDMS solution can support different frequency bands between 3.5GHz and 32GHz. The current licensing of 3.5GHz frequency to operators in China represents Marconi with a significant market opportunity in the access market with China Mobile. "Today’s telecom market in China is highly competitive with more restructuring and deregulation ahead. Marconi has made a strategic entry at the right time with a compelling range of products that are tailor-made for their needs. The innovative network solutions offered by Marconi meet the customer’s demands to support ever-growing bandwidth in the most cost-effective way," said Kim Low, Managing Director of Marconi North Asia.

The Chinese Ministry of Information Industry (MII) is holding forthcoming bids for 3.5GHz frequency licenses in 32 provinces. This is widely believed to be a golden opportunity for fixed wireless network suppliers to provide network solutions.

About Marconi plc
Marconi plc has research and development facilities in 19 countries, manufacturing operations in 16 countries, and serves customers in over 100 countries. Marconi delivers innovative solutions that transform communications networks. Marconi plc is listed on the London Stock Exchange and Nasdaq under the symbol MONI.

This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Form 20-F report and Form 6-K reports filed by Marconi plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such statements.

[danatbank]

Ich denke, wenn der Auftrag größer gewesen wäre, hätte
man sicher das Volumen mitveröffentlicht. Auch bei
Philipp Holzmann läuft das normale Geschäft weiter.

[danatbank]

@BigBlender

Wie ist Deine Meinung zu diesen Unternehmen?
Corus (Ex British Steel)
Imperial Chemical Industries
Invensys (Ex Siebe/BTR)

Mit Marconi haben sie einiges gemeinsam:
-Es sind Reste einst glorreichen englischen Industrie
des West Midland- GEC war über Jahrzente der größte
englische Arbeitgeber.-.
-ähnliche Probleme: Verschuldung, Pensionskassen, hoher
Pfund-Kurs
-Kurse notieren auf selber Höhe wie vor 15 Jahren.

M.E.profitieren diese Titel davon, daß es im UK sonst
kaum Zykliker gibt (Konsum/Pharma/Finanz) und
anbetrachts des erwarteten Aufschwung jetzt übermäßig
viel Geld in diese Aktien geleitet wird.

Wer auf einen turn-around nach langem Siechtum
spekuliert, ist z.B.bei Babcock Borsig weitaus besser
aufgehoben.

[BigBlender]

Hallo Danatbank,

Invensys und Corus erscheinen mir angesichts der noch zu lösenden Probleme und des Marktumfeldes bereits fair bewertet. Vielleicht kannst Du die Potenziale benennen.

ICI ist in der Tat ein interessantes Investment auf dem Niveau.

Ich bin auch Deiner Meinung, daß sich Long in Marconi angesichts der Risiken zur Zeit nicht aufdrängt, es besteht zumindest die Gefahr eines erneuten Einbruchs beim nächsten Trading Update, wobei dieser sich bereits im Herbst in Grenzen hielt. Zwischenzeitlich gab es aber gute Tradingchancen wie zuletzt beim Energis-Zusammenbruch, die man gerne mitnimmt. Auch Colt sollte man in dem Zusammenhang erwähnen und im Auge behalten.

Bei Babcock-Borsig überwiegen meiner Ansicht nach kurzfristig die Risiken die Chancen, ich möchte erst die Leichen sehen, die dort im Keller liegen. Ich kann nicht erkennen, wo bei dem defizitären Energietechnikgeschäft Kursphantasie aufkommen soll. Am Dienstag wissen wir eventuell schon mehr.

gruss,
BigBlender

[danatbank]

ICI würde ich aus prinzipiellen Gründen nicht anrühren,
weil die Kapitalerhöhung m.W.zu 190 Pence erfolgt,
während ICI über 300 notiert.

Bei BB stimmt mich positiv, daß die DB vor ein paar Tagen
eingestiegen ist, angeblich um den deutschen Anlagenbau
neuzuordnen. Und: 1% Umsatzrendite entspricht KGV von 5.

Noch etwas zur Marconi-Historie:
http://www.manager-magazin.de/geld/artikel/0,2828,1841,00.ht…
Wo sind bloß die 7,7 Mrd.Pfund geblieben???

[danatbank]

Eine etwas niveauvollere Diskussion ist zu finden unter:
http://forums.ft.com/2/OpenTopic?q=Y&a=tpc&s=646099322&f=211…

[BigBlender]

Sunday Express 17.03.2002

Struggling telecom equipment giant Marconi (MONI.L) faces yet another threat to its survival this weekend after the launch of a bitter dispute with French rival Alcatel. Marconi is to defend it`s right to sell bilions of pounds worth of fibre optic equipment to key customers including BT, while Alcatel intend to sue Marconi for allegedly infringing a patent involving SDS technology.

"Billions of pounds worth"


BigBlender

[BigBlender]

Marconi PLC - Marconi Access Business
RNS Number:2943TMarconi PLC20 March 2002
MARCONI STREAMLINES ACCESS SYSTEMS BUSINESS; RE-AFFIRMS COMMITMENT TO ACCESS MARKET WORLDWIDELondon - 20 March 2002 - Marconi plc (London and NASDAQ: MONI)today provided an update on its access systems business and re-affirmed its commitment to the access market worldwide.On 15 January 2002, the Group announced cost reduction actions totarget additional savings of £200m by the end of the financialyear to March 2003.As part of the plan to achieve these additional savings, the Grouphas undertaken an in-depth review of its complete portfolio ofaccess solutions. This review was based on an evaluation of theforecast levels and timing of returns on investment (ROI) and thecash generation potential of each product line.Marconi remains committed to providing access solutions to itscustomers world-wide as a strong complement to its optical andswitching solutions for core broadband networks. However,following the review, the Group will streamline its portfolio ofaccess-specific technologies in order to refocus research anddevelopment expenditure on areas of expected higher growth andhigher ROI and to improve profitability and cash generation in itsAccess business as a whole.Future research and development in Access will be focused onMarconi`s recently launched High Density DSLAM and Access Hubplatform, as well as its fixed wireless point-to-multi-pointaccess product ranges (Skyband MDRS and MDMS). The Group willcontinue to vigorously pursue sales opportunities and offer fullsupport, care and maintenance for its existing copper and first-generation fibre access products but will undertake no furtherinvestment in next generation upgrades to these products. Inaddition, Marconi will scale back or suspend investment inprojects where forecast returns are low in the short to mediumterm. In particular, Marconi will continue to support on-goingtrials of its next generation Fiber-to-the-Home solution but willdiscontinue further R&D efforts at this time. Marconi is alsoexploring options for the future of its wireless access (WipLL)product platform, including potential partnering or sale.This refocusing is not expected to have a material impact on salesand the resulting estimated cost savings are an integral part ofachieving the Group`s previously stated target to reduce annualoperating expenses in the Core business to £870 million by the endof March 2003.Further details of the refocused Access business are available ina presentation for industry analysts published on Marconi`s web-site this morning:www.marconi.com/media/Marconi_Access_Strategy.pdfAbout Marconi plcMarconi plc is a global telecommunications equipment and solutionscompany headquartered in London. The company`s core business isthe provision of innovative and reliable optical networks,broadband routing and switching and broadband access technologiesand services. The company`s aim is to help fixed and mobiletelecommunications operators worldwide reduce costs and increaserevenues.This press release contains forward-looking statements withrespect to products, partners, customers, future growth and othermatters. Please refer to the Form 20-F report and Form 6-Kreports filed by Marconi plc with the United States Securities andExchange Commission for a discussion of risks that could causeactual results to differ materially from such statements.Copyright 2002 Marconi plc. All rights reserved. All brandsor product names are trademarks of their respective holders.ContactsDavid Beck/Joe KellyPublic RelationsMarconi plc+44 (0) 207 306 [e-mail] GreenInvestor RelationsMarconi plc+44 (0) 207 306 [e-mail] This information is provided by RNS The company news service from the London Stock ExchangeENDMSCILFFSVVIIFIF

[BigBlender]

Ist mir schleierhaft, wer heute wieder Verluste realisiert und warum...Lemminge und Logik sind Dinge, die sich ausschliessen...aber jetzt werden 50K-Blöcke gekauft...

Marconi Strategic Update (Auszug aus pdf-file)

Marconi Strategic Priorities
1. To reduce debt and return the Core business to a position
where it generates operating profit and positive operating
cash flow under current market conditions
– On track to achieve £1bn Core annualised operating cost base run-
rate by end Q4
– Further cost reductions to reduce from £1bn to £870m by March 2003
– Headcount Reductions
– Review of sites, activities and product lines
– On track to achieve targeted range of £2. 7bn - £3.2bn by 31 March
2002; pro- forma net debt £2. 9 bn end December 2001 vs £4.4bn end
August 2001; reduction of c35%;
– Next trading update April 25, 2002

2. To build a sustainable platform for future growth
– Focus on Optical Networks, Broadband Systems and related
Services, Software & Support
– At least 2/ 3 of Core R& D
– Market leading solutions in the broadband core
– SONET, SDH, DWDM, OADM, Ultra Long Haul optical
– ATM, IP, MPLS Broadband routing and switching
– Complementary solutions in the access space
– SDH (STM 1 - 4 - 16)
– Copper, Fibre, Wireless

3. To build a sustainable platform for future growth
– Focus on Optical Networks, Broadband Systems and related
Services, Software & Support
– At least 2/ 3 of Core R& D
– Market leading solutions in the broadband core
– SONET, SDH, DWDM, OADM, Ultra Long Haul optical
– ATM, IP, MPLS Broadband routing and switching
– Complementary solutions in the access space
– SDH (STM 1 - 4 - 16)
– Copper, Fibre, Wireless

Review of Marconi’s Access Portfolio Market and Regulatory Context
Current Market Realities
– Operator’s ROI from new build residential broadband access
uncertain, or below expectations
– Operators taking a conservative approach
– Selective roll- out of next generation broadband access
– Favoring solutions which leverage existing plant (e. g. xDSL)
– Market still weak, oversupplied
– Capital expenditure hasn’t rebounded
Regulatory Environment
– Aimed at stimulating broadband access
– When and how is uncertain

Review of Marconi’s Access Portfolio
Current Position
Portfolio of largely discrete technologies
– limited synergy opportunities
Strong customer relations on specific technological/ regional
basis
– Bell South, Sprint, SBC, Verizon, Telecom Italia etc.
Profitability in Access has declined during FY02 due to
– sales and gross margin declines, particularly in US DLC business
– significant R& D investment in certain areas: DLC, wireless, FTTx

Review of Marconi’s Access Portfolio Process and Outcome
Each product line re- evaluated on basis of
– market and regulatory outlook
– forecast sales demand across global coverage
– level of investment required going forward
Streamlining criteria
– ROI - absolute level of return and payback period
– customer relations
3 sub- categories distinguished
– High- growth/ ROI potential : focus of continuing R& D efforts
– Support, Care & Maintenance : vigorously pursue sales efforts
backed with full support, care and maintenance programs; no
further product development
– Short- medium term low- growth/ ROI potential : cease/ suspend
investment, retain key intellectual property

Marconi retains Intellectual Property in key areas
Cease / Suspend Development
Deep Fiber FTH
– Leading- edge technological solution but ahead of the market
window
– Uncertainty around speed of take up of FTTH inconsistent with
continued R& D spend
– Continue to support on- going trials (eg Verizon)
– Maintain vigilance on evolution of customer demand /
requirements
WipLL
– Committed to honoring existing customer obligations
– Exploring options to scale back investment including partnering or
sale

Marconi is suspending efforts on projects where investment
requirements high but ROI is uncertain and/ or payback too
long

Need to streamline the portfolio to restore satisfactory levels of profitability


Access R& D Focus
Skyband MDRS and MDMS
– Focus business to better meet needs of mobile operators for
Radio Access Networks (RAN) in feeder distribution
– Good fit with strategic relationships in Optical business
– Considered a strong business case
Access Hub
– Marconi’s advanced access edge node for broadband services
aggregation at the edge of the core network
– Ongoing R& D will complete current phase of development
– Allows Access Hub to be used for xDSL deployment
– Consistent with strategy of leveraging existing copper base
– EMEA, APAC and CALA account for majority of DSL
deployment
– Marconi will aggressively seek to grow sales with concentration on EMEA market opportunities

Streamlined Access Financial Impact
Expect c. £50- 100m reduction in low- margin Access sales in
FY03 as a direct result of revised strategy
Improved profitability as R& D and SG& A savings greater than lost contribution
– c£ 34m annualised R& D savings by March 2003
– targeting S& M savings equivalent to 10% of sales reduction
– these savings will contribute to the achievement of the Group’s
targeted £870m operating cost base by March 2003
c. 460 headcount reduction included within overall plan to
reduce by an additional 4,000 heads by March 2003
Integral part of the plan to achieve longer- term target business model for the Core business

12 Marconi’s Commitment to Broadband Access
Marconi is committed to strong, long- term customer
relationships through quality products and services
Marconi continues to offer a broad access portfolio and
services/ support worldwide for both wire- line and wireless
solutions
Marconi’s access portfolio complements our optical and
switching solutions in the broadband core
Marconi retains Intellectual Property in advanced access
solutions and will continue to support the current trials
underway

gruss,
BigBlender

[BigBlender]

Das wars dann erst mal, vielleicht noch ein Dead Cat Bounce drin...

Marconi sees current trading worsen
Shares halve as company says to renegotiate bank loan By Friedel Rother FT Investor, 08:46 GMT Mar 22, 2002

LONDON (FT Investor) - Marconi said on Friday that current trading conditions had worsened and it was talking to its banks after being unable to enter new financing arrangements.

"Market conditions in the current quarter have continued to deteriorate and the board believes that these uncertain conditions are likely to persist beyond the financial year to March 2003, longer than previously anticipated," the troubled UK telecoms equipment supplier said in a statement.

Marconi [MONI, News, Chart, Research] shares fell 64 per cent in early London trade to fall as low as 6.5p - a new 52-week low for the stock. They later inched back to sit 54 per cent down at 8p.

Nevertheless, the group said it still expected to meet its fourth quarter guidance, given in January. It also expects a seasonal uplift in sales between the third and fourth quarters, although Marconi said the increase would be "considerably less pronounced" than last year.

Bernard Malhamé, analyst at SG, said Marconi`s financiers wouldn`t be surprised by Friday`s statement but might be concerned about trading not improving for more than a year.

The sales levels of the company`s core SDH (synchronous digital hierarchy) products were not enough to match the company`s cost base, he said.

He had previously had a price target of 15p.

Sale on cards

The company declined to comment on whether it might be broken up or sold. Mr Melhame said both were definite possibilities.

"Definitely there would be buyers at the right price, they have key customers in the UK and Italy." He said the company was likely to recover with the market in two or three years.

"There is certainly value in the group, they have strong connections to operators," he said.

"There is value but not in terms of a share being bought on the market. I would question the value of buying the shares even at these levels.

"Any refinancing would be at the expense of the shareholders," he said. "For debt holders it`s an option on the future."



He suggested buyers might bite at a highly discounted price for the company approaching £200m.

"Their SDH products would be attractive to Alcatel [ALA, News, Chart, Research] [013000, News, Chart, Research] or Siemens [723610, News, Chart, Research]," he said.

Alcatel is currently suing Marconi over alleged infringement of an Alcatel SDH patent.

Figures

Marconi said its operating loss before exceptional items and goodwill amortisation for the fourth quarter would be at similar levels to the third quarter. In the third quarter, Marconi posted a group operating loss of £103m. See Marconi Q3 results story on FT Investor

Marconi [MONI, News, Chart, Research] also told investors that it still expects net debt to be within its target range of £2.7bn to £3.2bn by the end of March and said it was "on track" to make further cost reductions, lowering its cost base to £870m by the end of March, 2003.

Marconi shares have lost nearly all of their value over the past two years, following a series of profit warnings following a downturn in the telecoms and technology sector.

Renegotiating, again

As a result of the difficult trading conditions, Marconi said it would be "unable to enter into the proposed new bank facility" and would be developing a revised business plan over the next few weeks.

Marconi said it was still in discussions with its banks and "assessing further refinancing options to secure an appropriate capital structure."

The company refused to comment further on its trading statement. Marconi`s next full trading update will come on April 25, when it releases its fourth quarter results.

[neimax]

Marconi rechnet mit anhaltend schlechter Marktsituation

London, 22. Mär (Reuters) - Der britische Telekomausrüster Marconi hat nach eigenen Angaben eine weitere Verschlechterung der Marktbedingungen verzeichnet und erwartet vorerst keine Erholung.

Die Unsicherheit auf den Märkten werde über März 2003 hinaus und damit länger als erwartet anhalten, teilte das Unternehmen am Freitag in London mit. Im Zuge eines umfangreichen Sparprogramms hatte Marconi im vergangenen Jahr mehrere Tausend Arbeitsplätze gestrichen und Mitte Januar einen weiteren Stellenabbau angekündigt.

Wegen anhaltend ungünstiger Marktbedingungen sei ein wichtiges Refinanzierungsplan gescheitert, gab Marconi weiter bekannt. Das Unternehmen, das seit Monaten mit seinen Gläubigerbanken über Kredite im Gesamtvolumen von 7,5 Milliarden Euro verhandelt hatte, will nun innerhalb der kommenden Wochen einen neuen Geschäftsplan vorlegen. Marconi müsse nun seine Bankverbindlichkeiten erneut verhandeln, sagte ein Händler.

Der Telekomausrüster sieht sich für das vierte Geschäftsquartal, das im März endet, in Einklang mit den Marktprognosen und annähernd auf dem Niveau des dritten Quartals. Allerdings werde der saisonale Aufschwung in der zweiten Jahreshälfte deutlich geringer ausfallen, hieß es.

Marconi-Aktien brachen am Freitagvormittag an der Londoner Börse um mehr als die Hälfte auf 7,8 Pence ein.

akl/rkr

[Tandil]

Im Grunde nichts Neues. Das es den Telekom-Ausrüstern noch länger nicht gut geht, ist doch bekannt und eigentlich in den Kursen drin. Jedenfalls ein 60% Sturz auf diesem niedrigen Niveau ist schon NM-like. Dagegen hält sich die insolvente Holzman ja prächtig. Auch Nortel wird noch gewaltig abgeben. Jedenfalls, der zu 0,1 heute gekauft hat, kann sich wohl freuen.
mfg

[danatbank]

Das geht ja schneller als gedacht...

Laßt uns mal spekulieren, wer könnte das Marconi-Restgeschäft übernehmen?

Cisco?
Nokia?
Siemens ICN?

[Nasty]

Unglaublich, Marconi hatte vor zwei Jahren noch eine Marktkapitalisierung von 56 Mrd. Euro. Der Laden ist selbst für Zocker zu heissss...

[Jarod]

TEXT-S&P cuts Marconi Plc corporate credit rating
(Press release provided by Standard & Poor`s)
NEW YORK, March 22 - Following the release of a poor trading outlook and negotiations with lending banks by U.K.-based telecommunications equipment provider Marconi (LSE: MONI.L - news) PLC , Standard & Poor`s said today it lowered its long-term corporate credit ratings on Marconi to single-`B`-minus from single-`B`-plus.

At the same time, the senior unsecured debt ratings on guaranteed subsidiary Marconi Corp. PLC were lowered to triple-`C` from single-`B`-minus. All ratings were placed on CreditWatch with negative implications.

"The downgrade reflects Marconi`s extremely weak funding position, and the group`s unsuccessful negotiations of a new bank facility to replace its current facility maturing in March 2003," said Standard & Poor`s credit analyst Leandro De Torres Zabala. It is Standard & Poor`s view that there is also a high probability that the group`s balance sheet will be restructured on terms that are detrimental to bondholders. Moreover, further deterioration of market conditions is expected, and these are likely to persist longer than previously expected, beyond fiscal year to March 2003.

Marconi has in excess of GBP1 billion ($1.4 billion) in available cash from recent asset disposals. However, the group has agreed to cancel the undrawn commitments under its two syndicated loan facilities and to place on demand the approximately GBP2.2 billion drawn portion of the uncovenanted EUR4.5 billion facility maturing in March 2003. Given the trend of cash consumption over the past few quarters, much reduced financial flexibility following the last round of asset disposals, and strong dependence on bank support to continue running its business, Marconi`s short-term funding position is deemed extremely weak.

Prior to resolving the CreditWatch status, Standard & Poor`s will meet with Marconi`s management to assess the group`s refinancing and strategic options (including current discussions with interested parties regarding the future of its strategic communications business), its trading conditions and prospects, and the revised business plan that the group will develop in the next few weeks.

A complete list of rating actions is available to subscribers of RatingsDirect, Standard & Poor`s Web-based credit analysis system, at www.ratingsdirect.com. They are also available on Standard & Poor`s public Web site at www.standardandpoors.com; under Rating Actions, select Newly Released Ratings Listings.


Hello .......da ich massiver Colt shareholder bin habe ich mich gestern morgen über einen Querverweis zu Marconi durchgeschlagen. war atemberaubend die 5 pence in UK.
Habe mich kurzentschlossen aus folgenden Gründen zwischen 5 und 7 pence positioniert und wurde bedient:

werde versuchen einen psychologischen Turnaround zu reiten
Da erst in den unmittelbaren tagen vor dem dilemma durch Aufträge u.a auch in Asien gepunktet wurde, sollte eine diskussion um eventuelle weiße ritter in absehbarer zeit anstehen. ob die britische regierung der subventionsachterbahnfahrt der nicht zu belehrenden deutschen folgen wird - spielt für mich ebenfalls nur einen marktpsychlogische rolle. beide szenarien stellen derzeit die einzige nachvollziehbare alternative gegenüber dem risiko einer investition sorry spekulation mit marconi papieren. alles was man mir erzählen und schönrechnen wird interessiert mich absolut nicht. der ratingbericht oben zeigt schön was in den nächsten tagen auf der balance sheet seite passieren wird - die frage wird unzählige male durchgerechnet assetberg = schuldenberg .mein zeithorizont für bedingungsloses stillsitzen sollte bis in die nächsten beiden wochen reichen . die ersten beiden hunter vom bankensector bleiben derzeit schon bei der stange. alle berichte unbedingt lesen.


so.....soviel von mir dazu

alles gute für euch


Herzlichst Jarod "2 Wochen Fan"

[Jarod]

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=MONI.…

link zur financial information und taktik
direkt und ohne schnörkel
von marconi


vielleicht ganz hilfreich

Jarod

[uwich]

@ Jarod
hatte zu 0,11 gekauft(pure Glückssache!) und bei 0,15 teilverkauft-rechne damit,daß der Kurs noch mal zur 0,3
hochzieht!Also-lassen wir uns überraschen

[Jarod]

http://investor.ft.com/custom/ftmarkets-com/news/story.asp?g…

Update vom 24.03.2002

Mal sehen wie der Erpressungsversuch von Marconi abläuft. Die Banken stecken ultimativ zu tief drin um ein "Blow away " zu bevorzugen. Meine Meinung. Hätte sich sonst keiner erlaubt -

See snippet:Marconi also said that it had agreed with its banks to cancel the remainder of a €4.5bn loan facility. The banks now have the right to demand back the £2.2bn drawn down so far at any time though they have said they have no intention to do so.


Schönes Wochenende


Herzlichst Jarod

[Jarod]

Hello !


Hatte die Zeitungsente über die ausbleibenden Bondzahlungen gestern schon gesehen. Reuters und Diverse machen kurz darauf Schluß mit den Spekulationen.
Seit dem Kennedy Attentat nun wieder die allseits wichtige Frage " Wer hat einen Nutzen von der Meldung "

Strong watch

Viel Clevernes und Glück diese Woche


Herzlichst Jarod

[BigBlender]

Was geht jetzt????

Marconi plc has added the following RNS News Release to its Investor Relations web site.

Marconi PLC (MONI) - Share Interest
Date(s): 25/3/2002

For a complete listing of our RNS News Releases visit:
http://www.marconi.com/html/investors/corporatenews.htm

For a complete listing of our Press Releases visit:
http://www.marconi.com/html/news/headlines.htm

Marconi PLC
25 March 2002


The undernoted announcement is made in accordance with the
requirements of paragraph 9.11 of Chapter 9 - Continuing
Obligations for companies:

Notification under section 198 of the Companies Act 1989 (`the
Act`)

On 25 March 2002, the Company received notification that on 22
March 2002 Morgan Stanley Securities Limited (`MSSL`) and the
group companies which are direct or indirect holding companies of
MSSL acquired an interest in the shares of the Company that
resulted in a holding of a total of 100,938,270 shares, being
approximately 3.61% of the issued share capital of the Company.
Of these interests, 43,126,100 were of a kind described in
section 208(5) of the Act.


N C Porter
Secretary

This information is provided by RNS
The company news service from the London Stock
Exchange

[BigBlender]

So, nachdem auch der Spiegel einen Artikel gebracht hat, kanns ja losgehen...

http://www.spiegel.de/wirtschaft/0,1518,188971,00.html

gruss,
BigBlender

[danatbank]

Die britische GEC, die in keiner Beziehung zur amerikanischen Firma General Electric steht, erzielte 1998 bei einem Umsatz von 18 Milliarden US-Dollar einen Gewinn von 1,1 Milliarden US-Dollar.

Wahnsinn, wie kann man innerhalb von 2 Jahren aus
einem profitablen, traditionsreichen E-Technik-Konzern
ein Pleiteunternehmen machen? -Marconi war lange der
größte industrielle Arbeitgeber Englands.

[Trader007007]

Neben den in den vorangehenden Meldungen genannten Aktien der Kommunikations Equipment Branche stuft Banc of America auch die Aktien folgender Unternehmen auf:
- Tellabs auf Buy
- Juniper Networks auf Strong Buy
- ONI Systems auf Strong Buy
- Advanced Fibre auf Buy

© Godmode-Trader.de


Der US Netzwerksektor konnte gestern um 2,14% auf 249,42 Punkte ansteigen. Tagesschlußkurs damit genau unter dem ehemaligen Key Support bei 250 Punkten. Da dieser Support nicht wesentlich unterschritten wurde, kann noch immer von einem Support gesprochen werden, obwohl der Kurs leicht unterhalb notiert. Anbei die Schlußkursliste der Aktien, die im Amex Networking Index gelistet sind.
Banc of America stufte gestern vorbörslich die Aktien von Ciena auf Strong Buy auf. Die Investitionsausgaben sollen wieder sequentiell ansteigen, wovon Ciena profitieren sollte. Auch die Aktien von Cisco Systems werden auf Strong Buy gestellt sowie die Aktien von Lucent mit einem Buy Rating versehen.

In der GodmodeTrader Member Area hatten wir die Aktien von Cisco, Lucent Technologies und Ciena bereits vor der Upgradeserie durch die Banc of America als kurz- mittelfristige Tradingpicks vorgestellt.

© Godmode-Trader.de

[danatbank]

@Trader

Vermute, die Bank of America will nur billig abstoßen.
Due-diligence muß so laufen, daß sämtliche künftigen
Gewinne abgezinst den fair value ergeben. Stattdessen
kommen nur Aussagen wie "Talsohle ist erreicht".
Nur weil die Talsohle erreicht ist, ist die Aktie noch
lange nicht billig. Die genannten Aktien haben ein
KUV von >3 bei ordentlichen Verlusten...unglaublich.

Das nächste Massaker kommt bestimmt.

[danatbank]

Die Schulden der Telcos sind auch auf einmal alle fort,
nur weil die Konjunktur sich erholt. Empfehlung: die
Bilanz von Verizon Comm: Buchwert -1x Mrd.$, soweit
erinnerlich. Außerdem wird immer wieder berichtet, daß
die alternative carrier sich überlebt hätten, weil
Telefonnetze ein natürliches Monopol seien. Über
dieInvestitionsbereitschaft von Monopolisten muß
ich wohl nicht sagen. Da genügt es, sich die Umsätze
der Infrastruktur-Hersteller Anfang der 90er anzusehen.
Nicht auszudenken, wenn die Umsätze auf ein ähnliches
Niveau zurückfallen sollten.

[BigBlender]

That`s it, folks...

Marconi to offer debt-for-equity swap
Telecoms equipment maker to propose plan this week By Philip Stafford FT Investor, Friedel Rother FT Investor, 11:17 BST Apr 7, 2002

LONDON (FT Investor) - Marconi is set to propose a £3bn debt-for-equity swap to its creditors this week, in an effort to secure funding for the struggling telecoms equipment supplier, according to the Independent on Sunday.

The newspaper said the company is expected to offer shares and cash to its banks, which include HSBC [HSBA, News, Chart, Research] and Barclays [BARC, News, Chart, Research], and bondholders in exchange for up to £3bn of debt. The paper said if the offer is rejected, the banks have the power to break up Marconi [MONI, News, Chart, Research], thus ending its 116-year history.

Marconi [MONI, News, Chart, Research] said it had no comment on the story on Sunday but most analysts believe that Marconi`s creditors will bail the company out, the Independent on Sunday reported.

One analyst, who declined to be named, told the paper: "They will realise that the break-up value of Marconi will be fairly limited in the current depressed market. They will have little choice but to back Parton and hold out for a recovery."

Default fears

The company - which was downgraded by Standard & Poor`s on Thursday after the debt-rating agency said it was worried Marconi would default on its debt obligations - is expected to offer shares and cash to its banks and bondholders in exchange for as much as £3bn in debt, the paper wrote, without citing sources. See more on S&P downgrade of Marconi

It said Marconi`s offer would come in a revised business plan, which is expected to be completed early this week and has been developed along with investment bank Lazard.

The new plan would include a revised debt target, which analysts expect to be about £1bn. Marconi currently has net debts of around £3bn, a spokesman told FT Investor.

The deal would also see Marconi`s current cash holdings of around £1bn - generated largely from recent disposals - distributed to its bank and bondholders, the paper said.

However, while Marconi and its creditors discuss the plans, shareholders are likely to be left waiting. The paper said Marconi`s banks and bondholders are expected to take up to a month to look over the plan, before deciding whether or not to accept it.

This latest refinancing agreement comes after Marconi was forced to pull out of long-running talks with its creditors last month. At the time, the company said an "extended market downturn" meant the arrangement no longer suited its group`s needs. Marconi also warned that conditions in its markets continued to deteriorate. See more on Marconi warning

[danatbank]

Das Problem bei einem debt2equity-swap ist, daß
die Forerungen der Gläubiger unterschiedliche Qualität
haben. Diejenigen, die gut besichert sind, haben
kein Interesse daran. AUßerdem glaube ich, daß für
die Aktionäre nicht viel mehr als ein symbolischer
Anteil an der Gesellschaft bleiben würde.

[diddelmax]

Nachdem die Technologietitel bereits am Vortag rege
gehandelt worden, könnten
Telekommunikations-Ausrüster Marconi <MONI.ISE>
<MY2.FSE> für regen Handel sorgen: Nach einem
Bericht der Financial Times habe Marconi über einen
neuen Geschäftsplan entschieden, der die Basis für
die bevorstehende Restrukturierung sein soll./ep/tw

[BigBlender]

MARCONI PLC

TRADING UPDATE FOR THE THREE MONTHS
ENDED 31 MARCH 2002

* Core sales £813 million; 4th quarter seasonal uplift less
pronounced than last year as previously indicated

* Reduced operating loss in the Core compared to previous
quarter, £108 million

* Positive operating cash flow £204 million in the Core due to
improved working capital

* New management team has achieved the targets set in
September:

* Core business operating expenses at end of 4th quarter
consistent with £1 billion annualised target

* All major Capital business disposals completed; cash
proceeds over £1.5 billion since September including
Medical Systems, over £680 million during 4th quarter

* Net debt £2.9 billion well within the previously stated
target range £2.7 billion - £3.2 billion; Cash balance
of £1.4 billion

* Second Half operating exceptional costs expected in the range
of £700 million to £800 million; net non-operating
exceptional gains c. £700 million

* Restructuring discussions underway on the basis of the
Group`s revised business plan; Marconi Board has agreed that
it will give certain undertakings to its banks and
bondholders

* BXR 48000 developed to schedule; currently in trials with US
Federal Government and BTexact Technologies.

London - 25 April 2002. Marconi (London and NASDAQ: MONI) today
provided a trading update relating to the three months ended 31
March 2002.

Mike Parton, Chief Executive, said `We have generated over £360
million of positive operating cash flow since the beginning of
September despite difficult market conditions, demonstrating the
whole Company`s commitment to cash generation. This cash, combined
with our successful disposal programme, has helped us to achieve a
£1.6 billion reduction in our net debt in that same period.

`Whilst our core market remains depressed we have been taking the
necessary actions to drive our costs down. We have hit our year-
end cost reduction targets and these actions will contribute to
future cash generation.

`We have been encouraged by the supportiveness of our customers,
suppliers and employees through the period of our refinancing
discussions. We are working hard to bring those discussions to a
successful conclusion as soon as possible.`

Trading Update

Group sales during the fourth quarter amounted to £948 million
compared to £2,067 million during the same period last year
(£1,719 million excluding Medical Systems which was sold to
Philips in October 2001). Of this total, Core contributed £813
million (Q4 2001: £1,426 million) and Capital £143 million (Q4
2001: £313 million). Other items amounted to £(8) million (Q4
2001: £(20) million).

Trading in the Core business during the fourth quarter continued
to reflect the difficult market conditions reported for the
previous quarters of the year. Telecom operators have maintained
their tight control on capital spending. This has led to an
absence of major orders for new network build and a lower level of
purchase commitments under existing frame contracts.

At the end of March 2002, the order backlog in the Core amounted
to £1.7 billion compared to £1.9 billion at 30 September 2001.
The book to bill ratio in the Core remained below 1 during the
fourth quarter.

As previously indicated, due to the seasonality of the business,
fourth quarter Core sales were higher than in the previous quarter
(£706 million) but this seasonal uplift was not sufficient to
reach the level recorded during the second quarter (£893 million).

Sales to BT were lower than in the fourth quarter last year but
higher than in the previous three quarters of the year. BT
represented over 22% of Core sales during the three months to 31
March 2002 (18% Q4 2000/01).

Following the trend reported in earlier quarters, the percentage
decrease in Network Equipment was considerably higher than the
percentage decrease in Network Services whilst Mobile reported an
increase in sales.

Optical Networks continued to face particularly tough market
conditions in the United Kingdom mainly as a result of the decline
in the second operator market. Fourth Quarter ON sales included
around £80 million relating to an agreement with BT concerning the
sale of high bandwidth SDH equipment previously carried as
inventory. This equipment had been installed in BT`s SDH overlay
network on a deferred sale basis and was designed to cope with the
expected increase in traffic resulting from BT`s push for
broadband deployment.

In addition, the Group continued to ship ultra-broadband equipment
to BT under the previously announced 5-year frame contract where
sales and operating profit will be recognised when the circuits
provided by this equipment are utilised. No sales have been
recognised during the quarter for ultra-broadband equipment
previously shipped under this contract.

Sales to Italian customers increased compared to the fourth
quarter last year as a result of continuing shipments of SDH and
DWDM equipment. The Group has recorded a number of successes and
gained market share in the Italian optical market over the last 12
months including the award of new contracts with Telecom Italia,
Omnitel Vodafone and Basictel.

Overall during calendar year 2001, Marconi has maintained its
market share position in the European Optical market. According
to RHK, a leading telecom market research firm, Marconi is joint
European leader in this market. Marconi continued to lead the SDH
add-drop multiplexer market in Europe with approximately 25 per
cent including the share achieved through its channel partners and
increased its share in DWDM to approximately 8 per cent.

Sales in Broadband Switching were down compared to the fourth
quarter last year as a result of the depressed conditions in the
service provider market. Sales to the US Federal Government, on
the other hand, were stronger than in previous quarters as new
capital expenditure budgets were released at the beginning of the
calendar year. During the quarter, the US Federal Government
began trials of Marconi`s new BXR-48000 multi-service core switch
and in April, the Group announced that the BXR was also undergoing
test at BTexact Technologies, BT`s advanced research and
technology business.

In March, Marconi announced the streamlining of its Access
business whilst re-affirming its commitment to this market
segment. Future research and development will be focused on
Marconi`s recently launched high density DSLAM platform (Access
Hub) and its North American equivalent (the Mx platform) as well
as the Group`s fixed wireless access solutions, MDMS and MDRS.
During the quarter, sales followed the trends reported in previous
quarters with sales of Digital Loop Carrier products in North
America and legacy narrowband products in Europe substantially
lower than last year. Sales of the high density DSLAM products
increased compared to previous quarters as a result of initial
shipments to Telkom South Africa and continued shipments to
Italian operators Telecom Italia, Edisontel and Wind Infostrada.
The Group recorded new sales of fixed wireless access products in
Germany as part of the deployment of 2.5G and 3G access backhaul
infrastructure projects.

The decrease in Network Services sales was mainly due to lower
levels of installation and commissioning activities following the
downturn in network equipment supply. The time lag between
equipment supply and the associated installation and commissioning
has led to a more marked decrease in Network Services sales in the
fourth quarter compared to previous quarters of the year.

Mobile reported a slight increase in sales driven by double-digit
growth in the Strategic Communications business, a sector which
has remained more resilient than the overall telecoms market.

Cost Reduction

Marconi recorded a Group operating loss (excluding the
contribution of associates and before the impact of the adoption
of pension accounting standard FRS17 - see page 7) of £111 million
during the fourth quarter comprising an operating loss of £108
million in the Core and an operating loss of £3 million in
Capital.

Gross profit in the Core amounted to £178 million giving a gross
margin of approximately 22 per cent of sales. This demonstrates
progress in cost reduction initiatives compared to the previous
quarter (£143 million, 20 per cent of sales).

The increase in gross margins compared to the previous quarter was
mainly due to cost savings in the supply chain and in installation
and commissioning activities as well as the initial impact of the
Group`s streamlining of the Access business and its focus on
higher margin product lines.

The Group continues to make good progress in its operating cost
reduction actions. The underlying exit run-rate of operating
expenses in the Core business in fourth quarter was consistent
with the Group`s previously stated target to reduce the annual
operating cost base in the Core to £1 billion by the end of the
financial year.

Core operating costs in the fourth quarter, excluding other costs,
were £284 million. These comprised £139 million of Research &
Development expenditure (vs £129 million in the previous quarter),
£98 million of Sales & Marketing costs (vs £115 million in the
previous quarter) and £47 million of General & Administrative
costs (vs £45 million in the previous quarter). Cost savings
recorded in R&D and G&A during the fourth quarter were off-set by
a number of one-off items. A higher than normal level of costs
relating to new product developments such as the BXR 48000 and the
Ultra Long Haul optical range were incurred during the period
increasing R&D costs whilst G&A was impacted, in particular, by
one-off professional fees.

At 31 March 2002, Marconi employed approximately 30,200 people
world-wide compared to approximately 41,000 at 31 December 2001.
The significant decrease in the number of employees during the
quarter is mainly due to the disposal of three major businesses
from Capital and the Group`s on-going restructuring programme.

By 31 March 2002, within the Core business, the number of
employees had been reduced by approximately 27 per cent to around
28,300 since the beginning of the financial year.

On 15 January 2002, Marconi announced a target to achieve
additional labour and overhead savings of £200 million and stated
that this could lead to an additional reduction of around 4,000
employees from the Core by the end of March 2003. Between mid
January and end March 2002, progress has already been made.
Through a series of reviews covering the supply chain, back office
functions, product lines, sites and staffing levels, the Group has
identified and begun to implement all the actions required to
achieve these additional cost savings.

Net Debt

Net debt at 31 March 2002 was £2.9 billion reduced from £4.3
billion at 30 September 2001 and £3.5 billion at 31 December 2001,
within the previously stated target range of £2.7 billion to £3.2
billion.

The net debt of £2.9 billion comprises cash of £1.4 billion and
gross debt of £4.3 billion funded through £2.2 billion syndicated
bank debt, £1.8 billion outstanding Euro and US dollar bonds and
around £260 million drawings under local bi-lateral bank
agreements.

The Group generated positive operating cashflow of £202 million
during the fourth quarter. Operating cashflow in the Core amounted
to £204 million. This was the result of improvements in working
capital and mainly attributable to increased cash collection from
trade debtors and a decrease in inventory.

During the fourth quarter, the Group completed a number of
previously announced disposals including Commerce Systems, Data
Systems and its 50% stake in General Domestic Appliances for cash
proceeds of £613 million in aggregate. The Group also received
cash proceeds of £71 million from other non-core asset
realisations including the sale of surplus property and Marconi`s
remaining stake in Lottomattica. During the period transaction-
related costs were incurred and certain payments were made against
indemnities given to Philips, the buyer of the Group`s Medical
Systems business, which together amounted to £13 million.

In January a wholly-owned subsidiary of Marconi plc purchased
Marconi euro and dollar bonds in privately negotiated
transactions. The total cash cost of these purchases, excluding
transaction fees and accrued interest amounted to approximately
£110 million to acquire bonds with a face value of £200 million.
The total corresponding transaction fees and accrued interest
amounted to approximately £8 million. The gain of £166 million
will be recorded as a non-operating exceptional gain.

Other cash flows during the fourth quarter related primarily to
restructuring and other exceptional items (£168 million) and
interest (£84 million). The interest payment of £44 million
relating to Marconi`s Eurobonds was made after the end of the
financial year on 2 April 2002, the first business day after the
due date of Saturday 30 March 2002.

Working Capital

Working capital continued to improve during the period.

Net inventory in the Core decreased during the quarter driving an
improvement in net stock turns from 2.4 in December 2001 to 2.6 in
March 2002. Approximately half of the absolute decrease was a
result of net provision movements and half related directly to
trading.

Core creditor days decreased to 61 days compared to 84 days as at
31 December 2001 and 75 days as at 30 September 2001. The
decrease at the year-end is mainly due to the impact on cost of
goods sold of the one-off sale of SDH inventory to BT.

Core debtor days were reduced to 100 days compared to 114 days as
at 31 December 2001. The negative impact of a higher proportion
of Southern European sales where payments terms are typically
above average was more than offset by the significant focus placed
on cash collection in all geographical regions and the reduction
of overdue debt.

The Group`s consolidated balance sheet for the year ended 31 March
2002 and a pro forma summary balance sheet for the Core business
will be available at the time of publication of Marconi`s annual
results.

Exceptional Items

The Group is currently re-assessing, in line with its accounting
policies, the carrying values of goodwill, fixed assets, stock and
debtors. As a consequence of the more uncertain sales outlook,
the Group expects to record an exceptional charge to write down
the value of historical goodwill and fixed assets. In addition,
the Group expects to increase stock-related provisions and to
provide against onerous contracts. These operating exceptional
items, which are expected to be in the range of £700 - 800
million, are in addition to those already reported as at 30
September 2001 and will be reflected in the overall results for
the year ended 31 March 2002. The Group also expects the full
year results to reflect second half net non-operating exceptional
gains of approximately £700 million, mainly as a result of capital
gains on disposals of businesses and fixed assets completed during
the period.

In addition, in the light of the Group`s revised market outlook
and continued focus on cost reduction, management has decided to
cease further planned implementation of a new Group-wide IT
system. Since it began implementation in April 2001, the Group
has successfully completed the development and testing of a global
design for Marconi`s core business processes and it intends to
draw upon this work as a base for future system upgrades. This
action will lead to cash savings of £55 million of planned
exceptional IT spend during the current financial year.

Change in accounting treatment of the Group`s shareholding in
Easynet Group Plc

Marconi`s 72 per cent shareholding in Easynet Group Plc
(`Easynet`) was previously accounted for as a fixed asset
investment with its value marked to the prevailing market price at
each balance sheet date. This reflected the Group`s intention to
dispose of its shareholding within a period of 12 months from the
time of its initial investment in July 2001.

In the light of the more uncertain market outlook, the Group no
longer believes that this is a prudent accounting approach and
has, therefore, adopted the equity method of accounting. Marconi
continues to manage its shareholding in Easynet within Marconi
Capital and fully intends to manage this investment for value in
the medium-term.

The Group`s shareholding in Easynet is reflected as an associate
in the financial statements for the year ended 31 March 2002. The
impact of this change in accounting treatment will be fully
disclosed in the notes to those financial statements which will be
published at the time of Marconi`s annual results presentation.


Pension Accounting - Adoption of FRS17

It is the Group`s intention to adopt FRS17 in full earlier than
the required adoption date in its published results for the
financial year ended 31 March 2002.

The year end actuarial review of the Group`s pension plans is not
yet complete. Consequently, the fourth quarter operating profit
includes allowance for pension expense consistent with the results
reported for the first three quarters of the last financial year,
using historic SSAP24 rates and assumptions, rather than the
revised rates announced on 8 March 2002.

It is expected that early adoption of FRS17 will increase the
Group`s operating costs but that this increase will be more than
off-set at the net profit level by credits to other finance income
and exceptional items. It is also expected that the early
adoption of FRS17 will have a positive impact on the Group`s
overall net assets.

Restructuring Discussions

On 22 March, Marconi announced that in the light of the Group`s
revised market outlook, it had decided not to proceed with the new
bank facility it had been negotiating with its lending banks to
refinance its two existing syndicated loan facilities. The Group
further announced that as a result of this decision, it had agreed
to cancel the undrawn commitments under these facilities and to
place on demand the drawn portion of the Euro 4.5 billion
facility, which matures in March 2003.

In recent weeks, Marconi has developed a revised business plan
which has been presented to representatives of the Group`s lending
banks and bondholders. The plan, currently being reviewed by
independent accountants, demonstrates a sustainable Core business
which generates operating cash flow and returns to operating
profit in the early stages of the 5-year plan period.

In parallel, Marconi continues discussions with representatives of
its lending banks and bondholders in order to reach an agreement,
as rapidly as possible, on a financial restructuring proposal that
is acceptable to all stakeholders. As part of this process, the
Marconi Board has agreed that it will accept certain restrictions
on financial and corporate activities while it continues its
restructuring negotiations with the bank syndicate and
bondholders.

Of the Group`s cash balance of £1.4 billion, it has agreed that
certain restrictions will apply to £850 million which will
continue to be held with banks independent of the bank syndicate.

In addition, the Group has agreed to increase the margin above
LIBOR on its syndicated loan facility to 225 basis points per
annum with effect from 1 April 2002.

Marconi is preparing its accounts for the year ended 31 March 2002
on a going concern basis in the expectation of finalising the
refinancing process.

Vendor Finance

As at 31 March 2002, the Group had vendor finance commitments of
approximately £100 million ($142 million), of which £58 million
($82 million) had been drawn. In addition, Marconi has provided a
$90 million counter-indemnity to Philips relating to the sale of
Medical Systems. Approximately $7 million was paid out against
this indemnity during the fourth quarter.

Management has no intention of extending any significant further
financing using the Group`s own funds. Instead, through its in-
house vendor finance specialists, it will continue to provide
innovative and structured financing solutions for its customers
through third party financing institutions.

Outlook

As the Group indicated in its statement of 22 March, the market
outlook during the fourth quarter has deteriorated as telecom
operators further seek to tighten controls on capital expenditure
and concentrate on free cash flow generation. In common with
other telecom suppliers, the Board believes that these uncertain
conditions are likely to persist throughout the financial year to
March 2003.

The Group expects to provide further details of the business plan
and an update of the restructuring process at the time of
publication of its annual results.

Notes to editors

Definitions

Book to bill ratio is defined as orders received divided by sales.

Operating profit/(loss) is defined as earnings/(loss) after
depreciation and before interest, tax, goodwill amortisation and
exceptional items.

Operating costs are defined as research and development, sales and
marketing and general and administrative expenses and the
associated depreciation of fixed assets.

Operating cash flow is defined as operating profit/(loss) after
adding back depreciation, change in working capital and capital
expenditure.

SSAP24 / FRS17: UK accounting standards relating to pension fund
accounting.

DSLAM: Digital Subscriber Loop Access Multiplexer, a copper-based
access device.

DWDM: Dense Wave Division Multiplexing, an Optical Networks
technology used to increase the amount of information that can be
sent over a single optical fibre.


Appendix 1


Quarterly Sales Breakdown

In £ Q1 00/01 Q2 00/01 H1 00/01 Q3 00/01 Q4 00/01 FY
00/01
Millions

Core 786 1,331 2,117 1,122 1,426
4,665
Capital 272 307 579 312 313
1,204
Medical 232 269 501 263 348
1,112
Others* (3) (8) (11) (8) (20)
(39)
Total 1,287 1,899 3,186 1,689 2,067
6,942

In £ Q1 01/02 Q2 01/02 H1 01/02 Q3 01/02 Q4 01/02
FY01/02
millions

Core 688 893 1,581 706 813
3,100
Capital 227 256 483 282 143
908
Medical 230 305 535 49 0
584
Others* (11) (10) (21) 4 (8)
(25)
Total 1,134 1,444 2,578 1,041 948
4,567

*: Others relates mainly to inter-Group sales

Conference call details

A conference call and audio webcast will be held for analysts
today (25 April 2002) at 2 pm, UK time. To join the call, dial
[phone] and quote `Marconi Trading Update`. An
instant replay will be available for seven days by dialling +44
(0)1296 618 700, access code 494 010.

The audio webcast will be broadcast on Marconi`s website

www.marconi.com
where materials to accompany the presentation will
be available from 12 noon (UK time).


Financial Calendar:

Preliminary Results for year to 31 March 2002

Marconi is scheduled to announce its preliminary results for the
financial year ended 31 March 2002 and hold a meeting for analysts
and investors on 16 May 2002.

Copyright 2002 Marconi plc. All rights reserved. All brands or
product names are trademarks of their respective holders.


Contacts

Name: David Beck / Joe Kelly Heather Green
Title: Public Relations Investor Relations
Phone: [phone] [phone]
[e-mail] [e-mail]

Cautionary statement regarding forward-looking statements

In order to utilize the `Safe Harbor` provision of the U.S.
Private Securities Litigation Reform Act of 1995, Marconi plc
(`the Company`) is providing the following cautionary statement.
Except for reported financial results or other historical
information, certain statements in this press release are forward-
looking statements, including, but not limited to, statements that
are predictions of or indicate future events, trends, plans or
objectives. Reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown
risks and uncertainties and can be affected by other factors which
are beyond the control of the Company and its subsidiaries, and
may cause actual results, performance and achievements to differ
materially from anticipated future results, performance and
achievements expressed or implied in the forward-looking
statements (and from the past results, performance or
achievement). Although not exhaustive, the following factors could
cause such differences: any major disruption in production at our
key facilities; changes in the environmental, tax and other laws
and regulations, which, among other things, could cause us to
incur substantial additional capital expenditures and operation
and maintenance costs; and adverse changes in the markets for our
products, including as a result of increased competition in the
highly competitive international markets for such products. These
factors and other factors that could effect these forward-looking
statements are described in the Company`s Form 20-F report and
Form 6-K reports filed with the U.S. Securities and Exchange
Commission. The Company disclaims any obligation to publicly
update or revise these forward-looking statements, whether to
reflect new information or future events or circumstances or
otherwise.

This information is provided by RNS
The company news service from the London Stock
Exchange

[ballerman]

es geht doch nach oben bei marconi . ich kaufe noch ein paar nach . m. f. .g ballerman

[siebtesinn]

sag mal, welcher idiot hat denn diese ellenlange meldung hier reingestellt. wird sich doch kein vernünftiger mensch durchlesen.
weiss auch so, dass marconi mich stolz machen wird :-)

[ballerman]

hey ich hoffe du hast recht da mit mit marconi das andere auch der hat sie nicht alle .aber heute war es nichts schade ich bleibe dabei ist halt mein liebling
m.f.g.ballerman
ps . jetzt müssen nur noch die banken mit machen .dann rollt der euro

[siebtesinn]

Hey, klingt doch ganz gut ! schätze wir sehen morgen die 0,20 Euro
==========================================================


Marconi: Ergebnis für das letzte Quartal des Geschäftsjahres 2001/2002

London/Backnang, 25.4.2002 – Der Telekommunikationsausrüster Marconi PLC veröffentlichte heute in London die Ergebnisse für das am 31. März 2002 abgeschlossene letzte Quartal des Geschäftsjahres 2001/2002.

Dazu die wichtigsten Fakten in Kürze:
– Der Umsatz im Kerngeschäft lag bei 813 Millionen Pfund. Wie bereits angekündigt fiel die Belebung im letzten Quartal nicht so deutlich aus wie im Vorjahr.

– Der Verlust im Kerngeschäft wurde auf 108 Millionen Pfund reduziert.

– Im Kerngeschäft wurde ein positiver operativer Cashflow von 204 Millionen Pfund durch eine verbesserte Eigenkapitalsituation erreicht.

– Das neue Management hat die im September angekündigten Ziele erreicht.

– Die Betriebskosten liegen zum Ende des vierten Quartals im Rahmen des für das Gesamtjahr geplanten Korridors von rund 1 Milliarde Pfund.

– Alle wesentlichen Beteiligungsverkäufe sind abgeschlossen. Die Erlöse belaufen sich seit September inklusive des Verkauf der Medizintechnik an Philips auf 1,5 Milliarden Pfund. Im letzten Quartal wurden 680 Millionen Pfund erzielt.

– Die Netto-Verschuldung liegt mit 2,9 Milliarden Pfund innerhalb der angestrebten Bandbreite von 2,7 bis 3,2 Milliarden Pfund. Die liquiden Mittel liegen bei 1,4 Milliarden Pfund.

– Die außerordentlichen Belastungen in der zweiten Hälfte des Geschäftsjahres liegen in der erwarteten Bandbreite zwischen 700 und 800 Millionen Pfund. Dem stehen außerordentliche Erträge in Höhe von 700 Millionen Pfund gegenüber.

– Die Restrukturierungsgespräche werden auf Basis des überarbeiten Business Plans der Gruppe weitergeführt. Das Marconi Board hat zugestimmt, den Banken und Anleihegläubigern gegenüber bestimmte Verpflichtungen einzugehen.

– Die Entwicklung des neuen Hochleistungs-Multi-Protokoll Switch Routers liegt voll im Plan. Zur Zeit führen die US-Regierung und British Telecom erste Praxistests durch.

Mike Parton, Chief Executive von Marconi, unterstrich die Bemühungen zur Verbesserung der finanziellen Situation:„Seit Anfang September ist es uns gelungen, trotz des schlechten Marktumfelds einen operativen Cashflow von mehr als 360 Millionen Pfund zu erwirtschaften. Zusammen mit dem erfolgreichen Verkauf von Aktivitäten außerhalb des Kerngeschäfts wurde es so möglich, die Nettoverschuldung um 1,6 Milliarden Pfund zu reduzieren.
Da unsere Kernmärkte weiterhin schwierig bleiben, haben wir die notwendigen Schritte zur weiteren Senkung unserer Kosten eingeleitet. Die Einsparungsziele zum Ende des Geschftsjahres sind erreicht worden. Das wird unsere künftige Ertragskraft stärken.
Von Kunden, Lieferanten und Mitarbeiter haben wir während unserer Refinanzierungsgespräche große Unterstützung erfahren. Wir werden alles daran setzen, diese Gespräche schnell zu einem Abschluss zu bringen.“

Das Unternehmen Marconi
Marconi ist ein weltweit tätiges Unternehmen mit Hauptsitz in London, das Ausrüstungen und Lösungen für Telekommunikationsnetze liefert. Die Kernbereiche des Unternehmens sind innovative und zuverlässige optische Netze, Routing-, Vermittlungs- und Zugangstechnik für Breitbandnetze sowie die dazugehörigen Dienstleistungen. Lösungen von Marconi ermöglichen es Fest- und Mobilnetzbetreibern, Kosten zu senken und Erträge zu steigern. Zu den Kunden von Marconi zählen viele der größten Telekommunikationsunternehmen der Welt. In Deutschland ist Marconi an den Standorten Backnang, Offenburg, Frankfurt/Main und Radeberg sowie mit mehreren Vertriebsbüros vertreten. An der Londoner Börse und der New Yorker Nasdaq werden die Aktien von Marconi unter dem Kürzel MONI gehandelt.

(Quelle: Marconi)


25.04.2002 12:19
© boerse.de

[BigBlender]

Na ihr zwei Ballerdummpushpraktis: habt ihr schon wieder Ausgang aus eurer Anstalt bekommen?

Verpestet doch euren eignen Thread, ihr Geisteszwerge.

Und raucht nicht soviel schlechtes Kraut.

gruss,
BigBlender

[ballerman]

das höret sich gut an das von marconi .
aber das von den BigBlender nicht aber das sagt ja auch schon der name BigBlender!!!!!!!!!!!
m.f.g. ballerman

[dl9baf]

Was ist denn das überhaupt für ein deutsch hier.
Zuviel Ballermann ist eben auch nicht gut ! :-))

[dl9baf]

.... und wann passiert hier mal was.
Ich hoffe, das wir die 0,30 mal bald
wieder sehen werden.

As of 8:35 AM Minimum 20 Minutes Delay

6.95
+0.24 (Up 3.58%)
Volume: 1,644,556

Previous Close 6.71
Open 6.8
High 6.93
Low 6.8
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange LSE

[ballerman]

es geht doch nicht immer alles nur schwarz sehen.
m.f.g. ballerman

[Trader007007]

Marconi aktuell bei ca. + 30 %
an der Nasdaq.
Bei uns immer noch für 0,12 Euro zu haben.
Schönes Wochenende

[ballerman]

an der nasdag von 19 auf 24 cent
in england mit 11% AUF 7:50 PENC
UND BEI UNS 12 CENT
LAUT D:K:W: VON SELL AUF HOLD KURS ZIEL 35 PENC
SCHÖNES WOCHEN ENDE WÜNSCHE ICH EUCH
M:F:G: BALLERMAN

[Trader007007]

an der nasdaq 28 cent

[Trader007007]

an der nasdaq 29 cent

[Trader007007]

an der nasdaq 30 und 31 cent

[siebtesinn]

NA ALSO, 0,13 EURO. so weiter so.

[Luisito]

Am Montag krachts. Donnerstag bringt Cisco eine Gewinnwarnung. Nasdaq 100 bei 1000 Punkte. Marconi wieder bei 5 pence. Haben gerade die 30-40% Bärenmarktrally gesehen. 3 Mr. Pfund Schulden. wissen noch nicht wie Sie die Anleihen bedienen. Wenn die Wirtschaft nochmals einbricht ist marconi pleite( und danach sieht es aus!).

[ballerman]

es läuft richtig gut mit marconi schon 1.30 plus. das sind 17% DAS IST DOCH WAS FÜR EINEN STUNNDE
m.f.g.ballerman

[ballerman]

sehe gerade marconi 8.85 penc super nur weiter so
m.f.g. ballerman

[siebtesinn]

yappa-dappa-du !!! EUR 0,15. wenn da keine positive meldung kommt! will heute noch die 0,25 sehen.

[dl9baf]

.... und es geht weiter nach oben. Die 0.25 werden wir sicher sehen, ich denke aber nicht heute, aber sicher in kürze. MONI ist jetzt noch eine gute Chance nachzulegen. Habe zum Glück noch welche zu 0.14 Cent bekommen, jetzt kann es nach oben gehen.


As of 11:46 AM Minimum 20 Minutes Delay

8.94
+1.4 (Up 18.57%)
Volume: 50,929,906

Previous Close 7.54
Open 7.68
High 9.43
Low 7.52
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange LSE

[Dilogis]

Deutlich gegen den Trend liefen lediglich die Aktien von Marconi mit einem Plus von 24,16 Prozent auf 9,25 Pence. Einem Pressebericht zufolge könnten die Gläubigerbanken den Vorstand aus dem Unternehmen drängen und durch eigene Leute ersetzen.

Na dann auch Mahlzeit ....wenn es so kommen sollte, was ich nicht hoffen mag, dann waere es fuer mich ein Grund so schnell wie moeglich vom "Acker" zu kommen!

D.

[ballerman]

die meldung ist einen ente gewessen. das die bank den vorstand ersetzen will. aus der ecke ist keinen gefahr für
marconi.ich sage nur eins vorsicht vor den donnerstag .
m.f.g. ballerman

[Dilogis]

@ballermann,

hab ich irgendwas uebersehen, oder was war mit Donnerstag?
Irgendwie war mir der Termin am 16.Mai als wichtig in "Erinnerung"!

Gruß D.

[ballerman]

donnerstag kommen die zahlen von cisco. wenn die schlecht aus fallen.ziehen sie den ganzen tk markt nach unten .wenn es so ist steige ich aus an donnerstag .sind die zahlen ok laufen lass die marconi
kurz
schlecht zahlen gewinne mit nehnen
gute zahle alles so lassen bei marconi
m.f.g. ballerman

[Dilogis]

@ballerman!

Marconi ist ein "schweres Eisen" und sie ist ziemlich gestreckt worden! Die Cisco Zahlen am Donnerstag,...kann sein, aber ich weiß nicht ob das überhaupt noch Auswirkungen (große) auf den Kurs von Marconi haben könnte und haben wird! Es kommt mir vor als ob hier schon ein anderer "Mechanismus" greift! Sie hat sich auch in diesen Tagen nicht viel von Nokia etc. etc. beeindrucken lassen.

Wenn der Kurs nochmal heftig einbrechen wird, dann mag es andere Gründe haben und nicht die Zahlen von Cisco, so meine Meinung.

Gruß D.

[guinnes1001]

hallo
das sehe ich genauso ich glaube kaum das marconi sich von den cisco zahlen beeindrucken läßt.(der kurs)
aus dem grund weil die momentane finanz und auftragslage schon im kurs eingepreist ist und weil der kurs zur zeit bei schlechten indizes und tagesverläufen eine gute konstanz zeigt und nicht jede schwank mit nimmt.

gruß guinnes

[Dilogis]

@guinnes!

Die Sache ist schon heiss und ich hatte es als erstes, gutes Zeichen gewertet, dass sich Marconi versucht von der Einflussnahme der Banken freizuschlagen. In dieser Größenordnung kann es möglich sein, denn es spielen auch noch politische Faktoren eine nicht zu unterschätzende Rolle. Wenn die Banken die Oberhand gewinnen dann ist das "Spiel" vorbei!

Das sollte nicht sein und ich hoffe sicher das es gelingt, denn die Briten sind nicht die Ami`s, ebenso wie Marconi mit einer Enron vergleichbar wäre.

Du kannst Dich sicher noch an den Januar erinnern und was mit Enron abging. Von den Enron Teilen hab ich immer noch 50 Stück im Depot, sozusagen als psychologischen Beobachtungsmarker! Tja,und..., die Enron sind immer noch fast doppelt so teuer wie eine Marconi es bis vor ein paar Tagen war!

Wir werden es sehen.

Gruß D.

[Dilogis]

Um es weiter zu sagen, so meine persönliche Meinung, war es auch der erste, gute Schritt, dass aus der Führung Leute wie eine "Baroness Dunn" ENTFERNT wurden.

Ein "Maulwurf" weniger... und etwas anderes kann man mit der "Honkonglady" nicht verbinden.

D.

[ballerman]

läuft sehr gut für marconi. nur weiter so .in london 10%
m.f.g. ballerman

[dl9baf]

MONI nun schon bei 13,81 % im Plus. Yeahh ich habe doch
gewusst, das MONI mich reich machen würde. Kaufen solange
es MONI noch unter .25 Cent gibt. Eine SUPER Chance, da die Aktie derzeit völlig gegen den Trend nach oben geht !
Wir werden in den nächsten zwei Wochen die 0.30 Cent oder noch mehr wieder sehen.


As of 12:51 PM Minimum 20 Minutes Delay

9.89
+1.2 (Up 13.81%)
Volume: 53,157,359

Previous Close 8.69
Open 8.57
High 9.85
Low 8.3
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange LSE

[ballerman]

ja das sehe ich auch so wir habe eben die 10.30penc genommen
m.f.g. ballerman
ich reite die welle voll aus bis nicht mehr geht

[dl9baf]

....hätte nicht gedacht, das es so schnell geht !
In UK jetzt schon über 20% im Plus, gibt es etwas
was wir noch nicht wissen ? Da kommt doch was, oder ?


As of 1:21 PM Minimum 20 Minutes Delay

10.44
+1.8 (Up 20.83%)
Volume: 65,352,379

Previous Close 8.64
Open 8.57
High 10.55
Low 8.3
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange LSE

[ballerman]

das häte ich auch nicht gedacht ich denke die wissen was wir noch nicht wissen . ich denke wir sehen heute noch die 20cent
m.f.g.ballerman

[ballerman]

läuft sehr gut gegen der bär markt ich sehe ebent die 18cent super lauf

[dl9baf]

in London geht´s ab wie nichts gutes, weiter so fast 30%




As of 1:46 PM Minimum 20 Minutes Delay

10.88
+2.33 (Up 27.25%)
Volume: 74,730,967

Previous Close 8.55
Open 8.57
High 11.25
Low 8.3
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange LSE

[Palpatine]

Wo kann ich (realtime) Aktienkurse für britische Werte, wie Marconi bekommen (London Stock Exchange)?

Danke im voraus!

[dl9baf]

Nach einem kurzen abwärtstrend geht es jetzt wieder
aufwärts in London ich denke da wollten einige mal schnell
Kasse machen .... aber die werden sich noch ärgern ..
es geht jetzt nach ganz weit oben ...

[ballerman]

sehe ich auch so denke die wollten nur kasse machen
m.f.g. ballerman

[dl9baf]

Habe ich doch gewußt, das es weiter aufwärts
gehts. Da kommt doch was... oder warum steigt
der Preis jeder Tag an. Morgen werden wir hier
einen schönen Sprung nach oben sehen.. weiter
so MONI. Jetzt scon wieder fast 20% in London.



11.55
+1.84 (Up 18.95%)
Volume: 75,410,864

Previous Close 9.71
Open 10.23
High 12.74
Low 10.23
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00

[dl9baf]

....und wie sieht es in New York :

AUCH SCHON 24% yeahhh


As of 30-Apr-2002 4:03 PM Minimum 20 Minutes Delay

0.31
+0.06 (Up 24%)
Volume: 6,961,800

Previous Close 0.25
Open 0.3
Bid 0.3
Ask 0.31
Bid Size 0
Ask Size 28,300
High 0.32
Low 0.28
52-Week High (5/2/2001) 12.8475
52-Week Low (4/10/2002) 0.17
Rolling EPS 0.00
PE Ratio 0.00

Market Capitalization 431,263,331

Exchange NASDAQ NM

[Trader007007]

an der nasdaq 40 cent

[Trader007007]

wer kann mir helfen ?
in london 12,25 pence
in new york 40 cent
wieviel euro cent entsprechen die oberen Kurse
möchte morgen nochmal mit limit nachkaufen
erster einstieg in frankfurt bei 0,14
dann nachgekauft bei 0,11
habe jetzt 28.000 stück

[Trader007007]

Cisco geht auf Shopping-Tour

Der Netzwerkausrüster Cisco will zwei Unternehmen zum Gesamtwert von rund 258 Mio. Dollar in Aktien aufkaufen. Das Unternehmen teilt mit, für die Anteilsscheine des Softwareanbieters Hammerhead Networks und des Hardwareproduzenten Navarro Networks einen Zuschlag von 2 Cent zum aktuellen Aktienkurs zu bieten. Die Tranksaktion soll nach dem Plan von Cisco im Juli des laufenden Jahres bereits abgeschlossen sein.

[Trader007007]

an der nasdaq 42 cent

[Trader007007]

an der nasdaq 43 cent

[Trader007007]

an der nasdaq 44 cent

[AxelK]

Hi nett die nasdaq kurse !

wer weiss den umrechnungskurs zu britischen pence ?

dort ist heut mit 12 pence geschlossen.

wie verhalten sich die amerikanischen adr ´s zu der hier handelbaren marconi ?

2: 1 ?

gruss axel

[dl9baf]

...gleich gehts los das werden richtig FETTE Gewinne ... allen viel Erflog mit MONI. Nach den Steigerungen in NEW York und London sollten hier heute mind. 0.25 Cent drin sein !!!!!!!

[dl9baf]

.... ja in Stuttgart gehts ja richtig ab ... was ist denn in Frankfurt los .... verschlafen da etwa alle die 100% Chance ... ??

[dl9baf]

in London HEUTE schon wieder fast 16% in PLUS und das nach den starken Gewinnen in den letzten Tagen... was ist denn da im Busch ?? Hat jemand Informationen was da kommt ??As of 8:16 AM Minimum 20 Minutes Delay

14
+1.85 (Up 15.23%)
Volume: 12,404,394

Previous Close 12.15
Open 12.45
High 14.38
Low 12.33
52-Week High 445
52-Week Low 5.5
Rolling EPS N/A
PE Ratio 0.00



Exchange

[cabir]

bei 14 in london ist der gerechtferdigter Preis in Frankfurt 0,21 euro
by

[cabir]

Realtime
http://quotes.ubs.com/myquotes/X0=8/X1=s59a7PaXj4cgbA59WEsGQ…

Nur noch Aktualisieren drücken.

[cabir]

44 in USA etspricht in London ca~12
keine panik

[cabir]

Für solche die mir sagen wollen "London ist die Muterfirma und nicht die USA"ich weis es-aber man weis es ja nie so genau.
Oder?

[cabir]

Ich etschuldige mich schon jetzt für meine schreibfehler für die Zukunft auf diesem Forum.
Danke
.......ein drei faches MONI MONI MONI!!

[roger11]

Wo gibt´s die FTSE Realtime Quotes ?

der UBS-link weiter unten funzt leider nicht

thx

[roger11]

zumindest realtime ( aktualisiert by klick )

http://tenfore.fmlx.com/cgi-bin/QuotesXtra.cgi?sort_by=CO_Na…

[cabir]

@roger11
Gehe auf UBS.com
dan auf Quotes,
dan gibst du auf schnellsuche MONI ein ,
dan kommen alle aufgelisteten Boersen die Marconi gehandelt werden,
dan auf LSS
dan Intraday
so dan hast du dein Realtime
Cabir

[cabir]

Marconi, Vodafone, Mmo2 top sells at Merrill Lynch/HSBC week ending May 1 - FT Investor

[roger11]

Thanks, Cabir

[cabir]

11:18 2/5/02 Marconi, Barclays, Vodafone most bought stocks at Barclays week ending May 1 - FT Investor

[cabir]

Die Hoffnung auf eine Umschuldung des Elektronikkonzerns Marconi ließ den Kurs um 11,18 Prozent auf 13,62 Pence steigen. Bereits am Vortag hatte er um 25 Prozent. -Yahoo

[roger11]

Und jetzt aber ein böser Absturz auf 11.90 an der FTSE

[cabir]

@roger11
Intraday soltest du immer Aktualisieren für realtime-machst
du oder?

[roger11]

Logisch, Cabir.......MONI jetzt 11.65.....-4,89%...

[cabir]

die grafik zeigt 0.125

[ballerman]

möchte mich nur bedanken bei den leute die un 12 bis 13 uhr aus gestiegen sind da konnte ich noch mal nach kaufen zu 19cent. ich habe darauf gewartet. marconi läuft weite alls ihr gedacht habt . danke danke
m.f.g.ballerman

[Ruebroker]

Hallo ,

genug ist genug , ich habe meine Marconi-Anteile direkt heute morgen zur Eröffnung "breitgrinsend" gegeben. Vor 3 Wochen bin ich zu 0,096 cent eingestiegen - leider war ich zu feige und hab nur 10.000 stck genommen.

Ich denke vorerst wurde die Hoffung/Phantasie , das marconi zunächst nicht zerschlagen wird , im Preis enthalten ist.
Der Restwert von Marconi (Wert-Schulden) wir nun wieder mit über 500 Mio Euro bewertet.

Charttechnisch wurde heute das tief vom Sept.2001 (0,23 Cent) als wirderstandslinie "erfolgreich" getestet.Der Anstieg von gut 120 % innerhalb weniger Tage sieht nach "gierigen" Käufen aus - die mit dem heutigen Tag abflachen werden.

Ich sehe die Moni bis zum 16 Mai zwischen 15 und 20 Cent pendeln - am 16.05.02 ist wiederum "alles" möglich - auch ein abrutschen unter 10 Cent.


Ruebroker

[ballerman]

Hoffung/Phantasie . wir werden sehen wär sich in den hinteren beissen tunt. aber schau doch bitte morgen noch mal rhein ok nicht bösse sein . wir laufen gegen den markt mit marconi .
m.f.g. ballerman

[dl9baf]

Hallo,

ich sehe das auch so. Seit Tagen steigt MONI in LONDON, NEW YORK und Frankfurt, ist doch nur allzu verständlich das alle die die zu 10 Cent gekauft haben jetzt schnell Gewinne mitnehmen ... mittelfristig wird es aber weiter nach oben gehen. Vor Tagen hatte ich gesagt wir werden an die 0.25 Cent rankommen und wo waren wir HEUTE bei 0.23. Für die nächsten Tagen sehe ich MONI bei 0.32 - 0.35 Cent. Schade für die, die jetzt verkaufen. Ich bleibe auf jeden Fall investiert.

[siebtesinn]

meine schätzung: 0,50 Euro noch bis morgen börsenschluss. die banken reissen die führung an sich, und somit ist die liquidität gesichert. ausserdem laufen die aufträge für marconi auf hochtouren. gerade der chines.markt, der noch ein ernormes telek.abdeckungs-potenzial birgt, wird marconi satte umsätze bescheren. solang der kurs noch nicht in den 1er bereich hochschnellt, werde ich jetzt aktien bunkern.

[ballerman]

genau so sehe ich das auch .sind wir einer meinung. bis morgen .
m.f.g. ballerman

[Dilogis]

Dein Wort in "Marconis Ohr"

In den letzten Tagen haben ja richtig meine Fuehler geklappert, is ja auch Mai!

Die Kurse steigen zwar, aber es ist keine vernuenftige Info da...., warum...., was geht da im Hintergrund ab?

D.

[cabir]

Volume was solid with more than 2.6bn shares traded by 1630 BST. Vodafone was the most heavily traded stock on the FTSE 100 while Marconi [MONI, News, Chart, Research] was most traded on the FTSE 250. The telecoms equipment maker ended 2.5 per cent stronger at 12.73p on Thursday after rising as much as 127 per cent to 14.3p from 6.3p in the last week.

[Ruebroker]

Hallo Freunde des schnellen Geldes ,

weitere Kurssteigerungen seien euch natürlich gegönnt.
Das hier im Board überwiegend positve Äusserungen abgeben werden liegt in der Natur der Sache , weil der größte Teil der Teilnehmer Marconi-Aktien besitzen.
Aber wenn ich ehrlich zugeben , habe ich in den letzten Wochen diese Beiträge zu "Mut schöpfen " genutzt.

Bei =< 15 Cent (ohne schlechte Nachricht und vor dem 16.5.02) werde ich in FFM wieder "Spielgeld" gegen Moni tauschen.
Dann gehöre ich wieder zum Club der Moni-Anhänger ........



Ruebroker

[paddel2]

Moin,

was ist der 16.05. denn für ein Termin?

[Dilogis]

@paddel2

Am 16.05. treffen sich Vertreter beider Parteien um eine Lösung des Finanzproblems zu diskutieren!
Stichwort: "Refinanzierung, Umstrukurierungsmassnahmen", alles was in der letzten Zeit mehr oder weniger Thema bei Marconi war.

Gruss D.

[ballerman]

guten morgen freunde ich sehe eben in london schon 13.70 penc ich setze weite auf den auf marconi für heute sehe ich die 25 cent
m.f.g. ballerman

[TheBrocker]

Guten Morgen!

Marconi quo vadis? Ich bin zuversichtlich,
dass es zu einer Einigung zwischen Marconi
und den Gläubigerbanken kommen wird. Die
30 Cent Schallmauer wird meiner Meinung nach
in den nächsten Tagen durchbrochen - darum
kaufen solang es noch geht.
TheBrocker

[BigBlender]

Pump and dump...

Das kann noch bös ins Auge gehen...

Lieber richtige Entscheidungen abwarten, wenn MONI eine wirkliche Zukunft hat, kann man immer noch dausende von Prozenten machen langfristig.

Wenn nicht, habt ihr Klobabier im Deppot.

gruss,
BigBlender

[Dilogis]

@BigBlender

Na ja, wenn es wenigstens reales Klopapier waere, dann haette ich zumindest in dieser "Beziehung" fuer die naechsten Jahre ausgesorgt

Gruss D.

[Ruebroker]

Hoppla ,

das der Kurs von Moni so schnell meinen "wiedereinstiegskurs" nahe kommt(<15Cent)hätte ich gestern früh beim Verkaufen (zu 0,23 Cent) nicht gedacht.
Aber Ok - die 15 cent werden wohl erst mitte/Ende nächster Woche unterschritten werden. Es gibt noch einigen Käufer die schnell noch verbilligen/nachfassen wohl und den Kurs Anfang der nächsten Woche auf dem aktuellen Stand halten.

Erst wenn die Gier in Angst umschlägt gibt es wirklich gute buttonfishing-Kurs.


Meine persönliche Prognose : Ende der nächsten Woche 14-15 cent


Ruebroker

[Ruebroker]

Hallo Marconi-Freunde ;

seit 5 Tagen keine positiven Äusserungen zu Moni hier in diesem Board . Was ist los ? Euphorie verflogen ?

Der Kurs ist erwartet stark zurück gekommen. Mit dem heutigem Schlußkurs in FFM bei 15 Cent ist das 61,8 % -Retracement erreicht ( Low 55 P , Top 147 P - 61,8 % - Retracement = 110 P ).

Ich legen nun gestaffelt Kauforder zu 0,15 und 0,14 Cent in den Markt.


Ruebroker

Nachdenklich mach mich , daß dieser H-Fond die Marconi- Anleihen und nicht die Marconi-Aktien gekauft hat.......